Newsmakers
DB Plans Far More Cost-Efficient Than DC Plans, Research Finds
Switching from pensions to 401(k) plans only saves money if benefits are cut substantially, a new report says.
The Department of Labor is concerned fiduciaries will misinterpret its earlier June 2020 letter.
The SECURE Act has lifted barriers and made it easier for firms to offer annuities in retirement plans.
The proposed bill would require nearly all US companies to enroll workers in a retirement plan.
The complaint alleged the insurance giant saddled its plan portfolio with proprietary duds.
Despite economic fallout from the pandemic, defined contribution plan balances remain strong.
Congressional leaders are calling on the GAO to investigate risks and expense concerns with the popular funds.