Retirement Trends

Janus Henderson US (Holdings) Inc. has agreed to a $6.5 million settlement to resolve a proposed class action alleging that its 401(k) retirement plan improperly favored proprietary investment funds, according to filings in the U.S. District Court for the District of Colorado.

Workers value tailored guidance that aligns with their personal goals, reassures them and builds their confidence, UBS reports.

Stifel Financial violated the Employee Retirement Income Security Act by retaining two underperforming retirement plan funds, plaintiffs allege in a class-action lawsuit filed in U.S. District Court for the Eastern District of Missouri.

It's a critical time for employees who are trying to make the best financial decisions for themselves and their families, with the pressures of health care costs, and financial planning for the new year all amplifying that stress.

Overall behavior remained steady and notably disciplined during a period that could have easily triggered more reactive decision-making.

The Insured Retirement Institute says workers need more protection against outliving retirement savings.