Defined Contribution

Participants in the firm's $2.9 billion 401(k) plan had sued the company, alleging it failed to regularly monitor plan investments and remove underperforming in-house funds.

Only 5% of employers allow student loan matching in their 401(k)s, but prevalence is expected to increase in 2025, while there is minimal interest among employers in the $2,500 emergency savings option, according to a new Alight survey.

Retirees seeking the highest level of lifetime income should consider a combination of delayed Social Security filing and a flexible withdrawal strategy, according to a new Morningstar report.

According to the study, 78% of pre-retiree respondents expressed concern over inflation's effect on their retirement income.

One of the best ways that employers can support any employee who is behind schedule on retirement savings is through access to education and support – matching contributions or profit sharing into a 401(k) are tremendously helpful.

The online retailer has been hit with a class action lawsuit, alleging it violated its ERISA fiduciary duties by using forfeited 401(k) funds to offset the company's own contributions instead of reducing administrative fees for over 20,000 participants.