A new suit claims that the interest rates paid on Merrill Edge retirement accounts have lagged market trends and fallen short of the “reasonable” rates they claim to provide. The suit was brought by one Margaret McCrary, who has filed a class action suit for breach of contract on behalf of herself... READ MORE

Retirement and benefits administration service provider BPAS announced that its AutoRollovers service has joined with the SS&C Technologies’ Automatic Rollover Program (ARP) to enhance retirement plan servicing.   The collaboration between BPAS AutoRollovers and SS&C's ARP aims to simplify... READ MORE

The Office of the Inspector General (OIG) is concerned about the ability of the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) to exercise oversight and protect the integrity of benefit plans, particularly concerning audits. The OIG for the U.S. Department of Labor... READ MORE

Even though a recession never materialized, 2023 ended up being a challenging year for investors with the Fed calling the shots, Bob Doll observes in looking back on his 2023 predictions. As things currently stand, he will have achieved just 5 out of 10 correct predictions for 2023, which he notes... READ MORE

  Listen on iTunes | Listen on Spotify | Listen on Google Podcasts What are the biggest challenges facing TPAs, RIAs and recordkeepers? And what will be most impactful from all that we’re seeing on the legislative and regulatory front? We turned to PenChecks’ President and CEO, Spiro... READ MORE

Baltimore-based Transamerica announced that it has been selected as the recordkeeper for Gallagher's new 401(k) Choice Pooled Solutions, offering small and large employers the choice to join the group retirement plans or a pooled employer plan. Through a single contract, an employer can select... READ MORE

Well, here we are again at the end of yet another workweek …and yet, there’s (still) no shortage of…well, just look at what happened to these guys and gals… In Rose Hill, Kansas, we bring to you…the Griswold House. And yes, we have pictures (100,000 lights)…  Your visual guide to wrapping oddly... READ MORE

Voya Financial recently announced the launch of its new employee homepage dashboard, offering data-driven personalized insights to help inform employees of their complete health and financial picture. The new experience—which will be available to Voya’s Health Solutions and Wealth Solutions... READ MORE

Fiduciaries of a relatively small 401(k) plan have fended off an excessive fee suit with a federal judge finding no “meaningful benchmark” against which to assess a fiduciary violation. The Suit The suit—filed in August 2022—had alleged that the $285 million 401(k) plan of Greenwood Village,... READ MORE

Advisors of color are closing the racial savings gap, impacting their communities and beyond—here’s how. Fred Reish explains how plan advisors can help their plan sponsor clients avoid fiduciary litigation while protecting themselves. Brian Graff explains why the American Retirement Association... READ MORE

It’s a massive gap. Generation X says it will take $1,112,183 in savings to retire comfortably, yet they expect to have $661,013 saved. The $451,170 difference tops the expected shortfall facing Millennials and Baby Boomers.  According to a new Schroders survey, 45% of non-retired Gen Xers say... READ MORE

Final regulations updating the existing procedures concerning administrative exemptions from the prohibited transaction provisions of ERISA, the Internal Revenue Code and the Federal Employees’ Retirement System could be released any day now. The White House’s Office of Management and Budget (OMB... READ MORE