Retirement Trends

Women often earn less, live longer, and face career interruptions, however, gender-specific employee matches would be inappropriate, says Cathy Mendell, founder, <a href="https://theiafinancial.com/">Theia Financial</a>.

Knowledge is not the same as action, especially when it comes to personal finance, says a recent MDRT survey, which offers the best ways to close the gap between consumers' knowing what is best for their finances and actually taking those steps.

There are currently over 600,000 micro 401(k) plans in the U.S., with less than $5 million in assets, and that number will increase to more than 1 million, driven in part by state mandates and federal tax incentives, according to a new Cerulli report.

The ERISA Industry Committee, along with two other industry groups, is seeking the dismissal of the drugmaker’s PRT class action lawsuit over the transfer of its pension plan to Athene Annuity, alleging a breach of fiduciary duties.

The banking giant has been hit with a class action lawsuit, alleging it used retirement plan contributions from departing employees to “offset its employer contributions” rather than reducing plan administrative fees, violating ERISA.

Trillion dollar asset manager Northern Trust has also quit Climate Action 100+, an investor-led initiative of financial institutions, as pushback over ESG investing continues.