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Voya buys OneAmerica’s 401(k) business

The consolidation of the retirement plan business continues. Voya Financial will acquire OneAmerica’s retirement plan business, in a move that will add $60 billion to Voya’s asset base. OneAmerica’s retirement plan business comprises 401(k), 403(b...

BAE wins forfeiture case

BAE Systems Inc. has won a class action lawsuit about misusing 401(k) plan forfeitures. U.S. District Judge Anthony Trenga, of the U.S. District Court for the Eastern District of Virginia, granted BAE’s motion to dismiss the complaint by a current employ...

TIAA partners with Accenture on recordkeeping

TIAA has entered into a strategic partnership with global advisory firm Accenture to help transform...

Salesforce gives up $1.35 million for 401(k) lawsuits

Salesforce Inc. has settled a couple of outstanding 401(k) lawsuits alleging excessive retirement p...

Employees aren’t confident in their retirement savings

In a result that should surprise no one, just 43% of employees say they feel highly confident they&...

DOL updates cybersecurity guidance

The Department of Labor (DOL) updated current cybersecurity guidance for plans governed by the Empl...

Alera buys Advanced Capital

The Alera Group Inc., from Deerfield, Illinois, announced the purchase of Minnesota-based Advanced ...

The problem with auto escalation

I worked at a place where employees were passive-aggressive and never said anything about how thing...

The end of forfeitures to reduce contributions is inevitable

Recently had a client going through an Internal Revenue Service (IRS) audit and while talking to an...

State mandates will spur private plans

I don’t need studies to tell me that States with mandated SIMPLE IRA programs for employers who d...