Pensions
House Considers Auto-Enrollment Legislation
The proposed bill would require nearly all US companies to enroll workers in a retirement plan.
Tag: retirement plan
Pensions
Connecticut Seeks Volunteers for Pilot Retirement Program
The retirement authority is offering companies a chance to help design a state-run plan called MyCTSavings
Regulation
Retirement Support Could Be Included in $2 Trillion Infrastructure Bill
House Ways & Means Chairman Neal backs the recommendations of the new Racial Equity Initiative.
Regulation
Bill Seeks to Provide Plan Sponsors with Legal Cover for ESG Investing
Legislators say employers are hesitant to provide ESG options in 401(k)s over fears of being sued.
Pensions
NY State Assembly Passes Mandatory Auto-IRA Bill
The amended ‘Secure Choice’ program would apply to companies with 10 or more employees.
Regulation
Target-Date Funds Have a Target on Them
Congressional leaders are calling on the GAO to investigate risks and expense concerns with the popular funds.
Market Moves
Court Rules in Favor of Principal Life Insurance in ERISA Lawsuit
District court judge concludes conflict of interest alone is not a breach of fiduciary duties.
Pensions
Virginia Legislature Passes Bill to Create State-Run Retirement Plan
The VirginiaSaves program would require mandatory participation by eligible employers.
Risk
Coca-Cola Bottlers Association Faces ERISA Lawsuit
Plaintiffs allege missteps by 401(k) plan fiduciaries cost participants millions of dollars in retirement savings.
Alternatives
Wisconsin Treasurer Recommends Creating State-Run Retirement Plan
Auto-IRA program WisconsinSaves would provide all workers access to a retirement benefit.
Princeton Settles Lawsuit over ‘Excessive’ Retirement Plan Fees
University agrees to pay $5.8 million and not raise plan fees for three years.
Coronavirus - COVID-19
A Quick Rundown of Retirement-Related Provisions in the Federal Government’s Stimulus Package
The $2.2 trillion legislation included a comprehensive suite of actions related to the governance and support of the country’s retirement funds.