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The younger generations demonstrate that they are getting their savings on track, while Gen X and baby boomers more often report falling behind on savings and struggling to catch up before retirement, says a new report.

The Department of Labor is seeking nominations for five, three-year vacancies on the ERISA Advisory Council, which meets four times a year to make recommendations to the Secretary regarding functions carried out under ERISA.

Workers are feeling more optimistic about their retirement prospects and more confident they can achieve their retirement goals, according to a new Charles Schwab study.

Julie Su, the acting DOL secretary, is thinking, carefully, about issues such as private equity ownership and reinsurance.

Financial advisers will play a critical role in educating plan sponsors, who have been a little reluctant to put annuities inside of a 401(k) plan until SECURE 2.0 now makes it more advantageous for employers, says trade group LIMRA.

Ozempic, Trulicity and Mounjaro were first approved to treat diabetes, however, in the last three years, the FDA has approved rebranded versions of Mounjaro and Ozempic for weight loss, leading demand – and prices – to skyrocket.

Discussed below are some of the most common contractual provisions that plan fiduciaries and benefits advisors must know to avoid and/or expose a self-serving PBM.

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.