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Participants don’t want crypto either

When things are going great, people are interested. When it isn’t, they aren’t. A new survey of retirement plan sponsors, financial advisors, and plan participants show little interest among plan participants to invest their retirement assets in crypto...

Adding Annuities still a concern for plan sponsors

There has been a push to add annuities to retirement plans, but I don’t see it gaining ground. According to Alight, plan sponsors are hesitant to add it, which was part of the 2019 SECURE Act. Alight’s data showed that among plan sponsors, 47% cite ...

Tech company agrees to fork over $1 million in class action case

Coriant agreed to pay $1 million to resolve claims it violated its fiduciary duties under ERISA whi...

Plan sponsor taken off 403(b) lawsuit, advisor isn’t so lucky

A plan sponsor was spared from a 403(b) lawsuit, but the advisor is still on the hook. Two plain...

U.S. Bank slapped with lawsuit

U.S. Bank and its 401(k) Savings Plan is the latest target of a class action lawsuit in Minnesota. ...

Good luck with after tax employer contributions

They said in Field of Dreams that if you build it, they will come. I think when it comes to offerin...

403(b) PEPs are great, but….

The idea that we can have 403(b) Pooled Employer Plans is great news because what could work well f...

The cost of SECURE 2.0 will be Catch Up Contributions

Any legislation that is supposed to benefit taxpayers, there is a hidden cost. Look at the Tax Refo...

In 2021, people were deferring more

The Plan Sponsor Council of America’s (PSCA)65th Annual Survey of 401(k) and Profit Sharing Plans...

There is a gender gap on 401(k) deferrals

There is a gender gap with 401(k) deferrals and auto-enrollment might be the way to curb that. I...