Almost half (47%) of small- to mid-size firms and startups – that have not previously offered a retirement plan – opted for a PEP because of the cost and administrative responsibilities, according to Transamerica's new survey.
Corporate-sponsored relief funds offer an immediate lifeline, filling the gap for those employees facing financial crises right now, according to Canary CEO Rachel Schneider.
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.
There's a proposal to cap the tax-free amount available for health care expenditures, including amounts paid by both an employer and an employee, according to the Republican Study Committee's budget proposal.