Plaintiffs alleged that Cornell failed to adequately monitor the fees and investments of its retirement plan, according to Jerome Schlichter, a lawyer for the plaintiffs.
With CVS, Rite Aid and Walgreens closing drugstores, Walmart is jumping into same-day Rx delivery – in direct competition with Amazon – and will be available in 49 states by January 2025.
At the intersection of National Retirement Security Week and the Major League baseball playoffs, a new T. Rowe Price survey highlights the retirement attitudes and behaviors of American sports fans.
This week (Oct. 20-26) provides a great reminder that it will take a shared responsibility across government, employers, and employees to enable tomorrow's retirees to live a better life, longer, says Prudential's Ann Nanda.
Since President Biden's signature SAVE program is tied up in federal courts, he has issued a pause on student loan repayments for those already enrolled in the program.
Small employers are more likely to keep balances in plans indefinitely, while larger employers are more likely to roll money over to an IRA, according to a Plan Sponsor Council of America survey.
In August, the IRS provided student loan match guidance, however, the ERISA Industry Committee requests "reasonable procedures" plan sponsors can establish for employees to claim the match.
Three weeks before the election, Pres. Biden's latest debt relief effort brings his total loan forgiveness to over $175 billion for more than 4.8 million Americans, as his massive SAVE student loan program remains tied up in courts.
Managed Lifetime Income blends a managed payout from T. Rowe Price for the first 15 years with a qualifying longevity annuity contract from Pacific Life for the remaining balance.
With this new health plan option, employees would receive one monthly bill that summarizes all of their medical and pharmacy claims for the prior 30 days, and can have the statement auto-paid or financed with a 0% line of credit.