Defined Contribution

Two weeks ago, the Supreme Court heard arguments in Cornell University’s 403(b) excessive fees lawsuit, but the high court refused to hear AT&T’s bid for review of its 401(k) ERISA lawsuit on Monday.

While a recent 401(k) fiduciary survey claimed more than 700,000 American companies could be at risk of fines and legal penalties for fiduciary failures in their retirement plans, one retirement expert now claims that most of these ERISA "red flags" are unfounded.

The “magic number” is $200,000 less than the $1.46 million reported last year, however, 25% say they have just one year or less of their current annual income put aside for retirement, according to Northwestern Mutual.

Rolling out a financial wellness program is necessary now more than ever, particularly for younger workers as well as near-retirees.

A New York jury awarded 26,000 employees $38,760,232 in an ERISA fiduciary breach lawsuit over unreasonable recordkeeping and administrative fees from their retirement plan provider.

Senator Bill Cassidy, ranking member of the Senate Health, Education, Labor and Pensions Committee, has issued a white paper outlining proposals to provide retirement plans to independent workers.