The National Tax Sheltered Accounts Association (NTSAA) released Friday a report from its third annual 403(b) Compliance Resolution Summit in Dallas. The forum targeted 403(b) professionals to identify service issues and develop best practices for the resolution of those issues.
The Labor Department has refuted claims that it plans to move the April 1 compliance deadline for new 401(k) fee disclosure rules to later in the year to give service providers time to make changes based on the final regulation.
The funded status of U.S. pensions fell to 72.4 percent in December, according to the BNY Mellon Pension Summary Report for December. The drop was a result of a sharp increase in liabilities.
The Plan Sponsor Council of America has updated its website to provide online registration, links to webinars, enhanced research and other features to help plan sponsors get the information they need to better manage their companys retirement plans, according to David Wray, PSCAs president.
One of the worlds largest pension funds is divesting from Wal-Mart Stores Inc. Algemeen Burgerlijk Pensioenfonds, a Dutch pension fund, said it will no longer invest in the retail giant because of its repeated violation of international labor standards.
MassMutuals Retirement Services Division has developed a comprehensive education-based fee disclosure training plan to get ahead of the curve when pricing transparency rules go into effect later this year.
The funded status of pension plans has been on a wild ride since 2008, experiencing major declines in 2008, 2010 and 2011. The drops were due to the double whammy of declining equity markets and lower interest rates, said Jonathan Barry, Mercers U.S. Retirement Risk & Finance DB Risk Leader,...
A trustee of the Gagne Precast Concrete Products Inc. Employee Stock Ownership Plan has agreed to restore $225,000 to the ESOP and take other corrective action to resolve a lawsuit filed by the U.S. Department of Labor.