Another 401(k) revenue sharing lawsuit moved toward settlement this week — hours before the trial was scheduled to begin. Lockheed Martin Corp. agreed on Dec. 16 to settle a federal class-action lawsuit that had alleged the firm’s retirement plans charged excessive fees to more than 100,000... READ MORE

In this, the year of the 40th anniversary of the signing into law of the Employee Retirement Income Security Act (ERISA), many have weighed in on the best — and the worst — aspects of that legislation and its progeny.   As 2014 draws to a close, we’re giving you the opportunity to weigh in on the... READ MORE

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Plan sponsors have a lot on their minds — but what are they most concerned about? While concerns about employees not saving enough for retirement topped the list of plan sponsors’ concerns, only 16% were extremely concerned about it, and another third (33%) were very concerned. According to a... READ MORE

By a large bipartisan majority, the U.S. House of Representatives last week passed tax-extender relief legislation that would, among other things, impact multiemployer pension plan funding. The Tax Increase Prevention Act of 2014 (H.R. 5771) was supported by 202 Republicans and 176 Democrats —... READ MORE

By at least one measure, true love could cost a little more this holiday season. The 2014 PNC Christmas Price Index, based on the cost of the gifts recited in the holiday classic, “The Twelve Days of Christmas,” rose just 1% from a year ago, though it would still cost you $27,673.22 in 2014. Still... READ MORE

Does your retirement plan have a qualified default investment alternative (QDIA)? Have you worked with plan sponsors who have, or who have considered, adopting a QDIA? What type of QDIA was selected, and why?   If you’ve gone through that process, the Government Accountability Office (GAO) wants to... READ MORE

The Oxford Dictionaries recently declared that “vape” was its Word of the Year. If you’re unfamiliar with “vape,” it means “to inhale and exhale the vapor produced by an electronic cigarette or similar device.” The Oxford Dictionaries’ Word of the Year is a word or expression that Oxford editors... READ MORE

Those who don't have a retirement plan had better figure out a plan B for retirement, because a new study suggests that they're more likely to misjudge their expected retirement date. While a number of studies have found a gap in retirement expectations, a new analysis by the Employee Benefit... READ MORE