Defined Contribution

The lawsuit, filed on behalf of UnitedHealth's 200,000 current and former employees, alleges CFO John Rex interfered with the company's decision to drop "one of the worst-performing target date options in the entire market."

The SSA has demanded money back for overpayments from more than 2 million people a year — twice as many people as acting commissioner Kilolo Kijakazi disclosed at an October congressional hearing.

Since only 37% of Americans feel confident that they would be able to retire, it's imperative to meet employees where they're at when confronting their retirement planning options, according to a new survey.

The Senate Finance Committee, which oversees Social Security, plans to meet with the agency every month to address SSA's attempt to claw back $21.6 billion in overpayments sent to beneficiaries in error.

Despite consistent contribution levels, many participants have been increasingly tapping their retirement savings - and avoiding foreclosure and paying medical expenses were given as the top two reasons, says Fidelity.

It sounds like good news that interest rates remain unchanged – in the 5.25%-5.50% range – but the Fed is hoping to maintain progress by keeping rates at a 22-year high to curb the nation's sharpest inflation spike in 4 decades.

As the caregiving generation skews younger, it offers an opportunity for financial planning professionals and plan sponsors to help them get a head start on building a strong, long-term financial strategy, says a new survey.

This latest move, which is part of the administration's "relentless efforts to fix the broken student loan system," stems from fixes to the income-driven repayment plan and the Public Service Loan Forgiveness program.