Retirement Trends

Since the Court took a worker-friendly approach on behalf of the University's 28,000 employees in this excessive fees suit, the final ruling could burden plan fiduciaries and open the floodgates of meritless litigation, say retirement industry groups ERIC and the Spark Institute.

The justices are now seeking input from the Department of Labor in this Home Depot case, after unanimously agreeing that the burden of proof lay with plan fiduciaries in the Cornell University excessive fee case last week.

While the official IRS announcement will come later this year, the contribution limit for retirement accounts will likely increase from $23,500 to $24,500 in 2026, according to a new Milliman report.

The index was designed to spark a national conversation, shine a light on the areas where Americans are falling short, and provide a roadmap for workers and employers to take action, according to IRALOGIX.

In a unanimous decision, the justices take a worker-friendly approach on behalf of 28,000 employees who accused the university of paying excessive 403(b) plan recordkeeping fees, giving them another chance to challenge their employer.

Eighty-five percent of corporate partners increased employee premiums for at least one plan, and 7% have added a new no-deductible plan option in the last two years.