Defined Contribution

Sen. Bill Cassidy and Rep. Virginia Foxx sent a letter to Acting Labor Secretary Julie Su to "cease further action" on a new fiduciary rule, which has "created unnecessary instability for retirement plans."

In a class action lawsuit, the former employee alleges that 37% of his retirement savings were invested in BlackRock's Target Date 2045 fund, which uses ESG considerations.

The average American's personal debt is $21,800, which is why employers need to provide employees with the the right financial tools, such as budgeting worksheets, money management apps and individualized financial counseling.

From savings and early withdrawal habits to financial strategies and backup plans, each generation of workers faces unique challenges.

Gen Zers and millennials, who spend significant time on social media, were not turning to those channels for financial guidance, but were more likely than other generations to turn to a financial advisor for help, says a new study.

"Maxing out your 401(k)" is hard when employees are struggling to make ends meet and their paycheck barely covers expenses. That's why employers need to go beyond the obvious to give employees practical information they need.

After a lot of pushback from employers and retirement industry organizations on a key SECURE 2.0 catch-up contribution change for higher-income employees, the IRS announced an "administrative transition period."

From emergency savings accounts to annual funding notices, the Department of Labor is welcoming input from plan sponsors on changes or revisions to retirement plan administration included in the sweeping new legislation.