Remy Samuels

Adopters of Transamerica’s pooled plan solutions said the arrangement has allowed them to reduce their administrative and fiduciary burden, while also expanding access to savings.

The collaboration will automate the collection of employer data and aims to simplify the onboarding process for third-party administrators and plan sponsors.

The appeals court ruled that a Michigan district court wrongly dismissed the lawsuit in April 2023 in favor of arbitration.

The programs are funded by the Social Security Administration, and applications must be submitted by the end of January 2025.

The pharmaceutical company was accused of charging unreasonable recordkeeping and administrative fees in a complaint filed last year.

Union workers are seeking a 40% pay increase and the restoration of the company’s defined benefit pension plan, which has been frozen since 2014.

Workers surveyed in a new MissionSquare report expressed a lack of confidence in their employer-sponsored plans, as well as concerns about emergency savings.

The soda distributor was accused of offering a suite of ‘underperforming’ target-date funds in its 401(k) plan, as well as mismanaging forfeited funds.

The International Association of Machinists and Aerospace Workers District 751 recommended that the union workers accept Boeing’s latest contract offer.

A new paper using Vanguard data suggests that many participants maintain their contribution rates while paying off 401(k) loans.