A federal judge agreed with the Department of Labor and ordered an Illinois home health care provider and trustees to repay money into a profit-sharing plan.
How pension professionals are responding to such market forces as sustained volatility, low interest rates, shifts in demographics, and funding pressures, revealed by a State Street survey.
The Savers Credit, also referred to as the Retirement Savings Contributions Credit by the Internal Revenue Service, is not being taken advantage of by workers, says Transamerica Retirement Services.
Web-based retirement scenario platform RetireUp has expanded its modeling capabilities to include illustrations of fixed index annuities (FIAs) from Allianz Life Insurance Company of North America.
Though not a party to the suit, the International Association of Machinists is defending the IAM National Pension Fund and calling on the DOL to withdraw its lawsuit.
The reports now provide weekly flow data for 12 new categories of funds to supplement the 7 categories of data the Investment Company Institute has released traditionally.