Investment Instruments

The contruction firm is being sued over the fees retirement plan participants paid after being defaulted into managed accounts, which were "essentially expensive target-date funds," according to the ERISA lawsuit

Most employees would prefer financial benefits such as a company stock plan, and a broad-based plan tied to payroll such as employee stock purchase plans may be a good fit, as more employees will be able to participate.

The Saver's Match program offers a 50% federal match on the first $2,000 of retirement savings for low-income workers, but the industry needs to educate employees how to take advantage of the program, says a new report.

The investment firm is among 600 organizations worldwide whose pension funds and benefits plan providers had their participants' data breached recently, and should be "a wake-up call" to all plan sponsors, say industry experts.

37% of parents saving for their kids' educational expenses anticipate the child's contribution to be between 1% and 25%.

Last week, Pres. Biden released a draft of the new Secretary of Education plan that would cancel or reduce student loan debt for millions of borrowers, following the Supreme Court's rejection of his debt cancellation in 2023.

Nine out of 10 women said they would be at least somewhat likely to roll over their money into an in-plan protected retirement solution if it was offered to them, according to a new Nationwide Retirement Institute study.

Employers are now seeking unique ways to support their workforce through robust financial wellness programs.