Retirement Advisor

In a unanimous decision, the justices take a worker-friendly approach on behalf of 28,000 employees who accused the university of paying excessive 403(b) plan recordkeeping fees, giving them another chance to challenge their employer.

Eighty-five percent of corporate partners increased employee premiums for at least one plan, and 7% have added a new no-deductible plan option in the last two years.

The Protecting Employees and Retirees in Business Bankruptcies Act “would ensure that all employees, not just C-suite executives, receive the benefits they were promised,” said Senator Dick Durbin.

In his first speech since leaving the presidency, Joe Biden spoke last night of Trump’s “damage and destruction” to the Social Security Administration, while the White House announced yesterday that Trump will always protect Social Security benefits.

Earlier this month, the American Federation of Teachers president urged chief fiduciary officers to urgently review their Telsa holdings in pension funds. Now Canada’s largest federal public sector union is following suit.

The Department of Labor has requested an additional 60 days so that it can consider next steps in regard to two court challenges to its controversial fiduciary rule, which has been on hold since last year.

The telecom giant is one of the latest employers to get sued for using forfeited plan funds from departed employees to pay administrative expenses, in violation of ERISA duties.

Now more than ever, America can tackle the retirement industry’s most pressing challenges while serving small employers and communities of color and supporting advisors and providers in order to give every worker a shot at financial security, says a new report.