Defined Contribution

Citibank's Diverse Asset Manager Program has received approval from the DOL to offer guidance to other firms if they wish to pursue DEI initiatives while working with service providers in ERISA-compliant retirement plans.

Starting in January, the average monthly Social Security check for retired workers will go up $59 – a much smaller cost-of-living adjustment than last year's record 8.7% hike, reflecting a slowdown in inflation.

A House panel has scheduled a hearing next week to review the SSA's "overpayment" process, after it was revealed that the agency clawed back $4.7 billion in overpayments, while another $21.6 billion remains outstanding.

Raising awareness for employees on long-term care needs is critical - and voluntary products (accident, hospital indemnity or critical illness insurance) have a role to play in a conversation about retirement planning.

After 6 years of litigation, GE will settle the lawsuit - the largest ERISA case alleging retirement plan mismanagement - that claimed underperforming funds were the only actively managed options available to participants.

Small business owners now have a range of options depending on the number of employees, but it's essential to start early, leverage tax-advantaged retirement accounts, diversify investments and plan for an exit strategy.

Nearly one out of every two Americans between 40 and 59 are using retirement savings to support their extended family and adult children, which is why plenty of preparation is key for this group, says a new survey.

Just weeks after a federal judge dismissed an ERISA lawsuit against the company over allegations of excessive fees, another employee suit has been filed, claiming the 401(k) plan offered funds that performed worse than alternatives.