Both firms, and many more, have been sued by employees in class action lawsuits over the PRT deals made with insurance company Athene Annuity & Life, alleging the firm "breached their fiduciary duties," however, district courts issued split rulings on these 2 cases.

Larry Fink, CEO of the world’s largest asset management firm, said "unlocking private markets" is key, and asks investors in his annual letter, “If private assets perform so well, why aren't they in your 401(k)?”

The Plan Sponsor Council of America has launched 403(b) Day to effectively help nonprofit employers promote 403(b) plans and engage plan participants in retirement planning, similarly to 401(k) Day.

After an end to pandemic-era relief on student loans during the Biden administration, reporting of student loan delinquencies resumed Jan. 1, which will hit credit reports for missed payments beyond 90 days past due, according to new research.

Amid recent Social Security uncertainties, employers and plan sponsors might need to ramp up efforts to secure their employees’ financial futures.

Fiserv CEO Frank Bisignano faced tough questions about DOGE cuts before the Senate Finance Committee this week, but members voiced their expectations that he will be confirmed as the next Social Security commissioner.

Shortly after President Biden signed the new law in January, the SSA announced that payments to police and firefighters would be delayed, however, the agency has now been able to expedite payments by use of automation.

The aerospace firm violated its fiduciary duties by using an in-house service provider and affiliated target date funds, according to the class action lawsuit filed by plan participants.