Defined Benefits

The IBM lawsuit caught the attention of Labor Department, which claims the three-year deadline to bring a fiduciary claim doesn't apply because workers didn't have "actual knowledge" of the ERISA violation.

Companies need to fully understand what the plan fees are so they can be "fully transparent" with their workers, said law firm Schlichter Bogard, which is representing plaintiffs suing TIAA for steering them into high-fee investments.

Collaborate with your HR and workplace experience teams to gather feedback on the financial benefits that matter most to your employees and ideal candidates, and start implementing the benefits that will best support them.

Anticipated health care costs during retirement depend on Medicare choices, health status, residence and life span.

The extent to which an employer's current plan meets these objectives dictates whether it might be time to consider a new more modern plan design.

With recent changes to the design of health care plans, there is more room for employers to violate their fiduciary obligations; however, they can take steps to ensure that they are meeting those responsibilities.

Pre-retirement withdrawals is the single biggest factor causing wealth disparities, plus the fact 57 million American workers do not have access to a retirement savings plan at work, according to a recent Morningstar webinar.

While Congress is interested in making it easier for employers to offer pension plans since DC plans might not provide enough retirement income, employers need to think "more holistically" about programs, says NIRS.