Defined Contribution

The Retirement Simplification and Clarity Act, which would provide pre-retirees with a more streamlined process and flexibility to choose savings options right for them, was introduced on Capitol Hill yesterday.

After failing to deliver his promise of wide-scale loan cancellation, Biden’s latest student loan cancellation will likely be the final round of debt relief before President Trump takes office next month.

The high cost of health care drove the vast majority of strategies in the benefits space, as pharmacy benefit managers found themselves in the headlines far too often this year, as the high costs of drugs (and weight loss drugs, in particular) were a hot topic.

Offering employees one-on-one access to financial professionals as part of their plan can help women employees get retirement guidance that they might not otherwise pursue, according to Corebridge Financial.

It's the perfect time for employers to encourage workers who aren’t participating in the 401(k) to consider easy, actionable financial New Year’s resolutions that can help them reach their retirement goals and avoid regrets, according to Nationwide.

As oldest Gen Xers approach age 60, many are unprepared for retirement and concerned about outliving their assets, according to a Schroders survey.

The Council issued recommendations to the DOL to create a “tips document” to help fiduciaries in choosing QDIAs with lifetime income options, improve QDIA guidance, and provide for QDIAs in IRAs.

So far, 17 states have passed laws to limit environmental, social and governance investing, and there have been over 150 bills on ESG investing in 37 states.