Retirement Regulation

Amid heightened concerns around inflation, employees are increasingly interested in "comprehensive" retirement benefits, such as access to financial advisors, retirement planning support and retirement income solutions.

Plan sponsors must benchmark their plan selection funds yearly and replace those underperforming funds, recommends Abernathy Daley 401k Consultants, which assessed performance data from over 58,000 401(k) plans.

As Empower’s new program paves the way for private market investments and BlackRock's CEO calls for more of these assets in 401(k)s, the SEC said it will explore this new investment opportunity, as “there may be risks, as well as benefits, for retirement savers.”

The House Education and Workforce Committee approved the Protecting Prudent Investment of Retirement Savings Act on Wednesday that allows plan fiduciaries to consider environmental, social and governance factors when selecting retirement investments.

This latest forfeiture lawsuit dismissal aligns with recent decisions from other federal courts rejecting challenges to employer use of forfeited funds from departing, unvested employees, under ERISA guidelines.

Senator Elizabeth Warren wants to know what safeguards the plan provider will put in place to protect 19 million participants who choose to invest in private markets, in letter to Empower’s CEO.