"[T]he court found that Albert's comparison of recordkeeping fees paid by nine random plans from around the country is not enough to support the excessive recordkeeping fees claim. There are no allegations as to the quality or type of recordkeeping services the comparator plans provided." [Albert v. Oshkosh Corp., No. 21-2789 (7th Cir. Aug. 29, 2022)]  MORE >>

"[This case] involves a scenario which occurs more often than it should: a couple divorces, they agree to waive their rights to the other's employer-provided benefits, and then one of them dies without having effectively removed the other as a beneficiary. Who gets the benefits?" [Gelschus v. Hogen, No. 21-3453 (8th Cir. Aug. 29, 2022)]  MORE >>

"93% of plan sponsors plan to make changes to their investment lineup -- including ESG. 47% of plan sponsors are considering changing advisors, hitting an all time high. 88% of plan sponsors anticipate making changes to plan design, the most active in years."  MORE >>

"Plan sponsors have several tactics available to help provide workers with a clear understanding for how to best allocate the additional funds and connect student loan cancellation with retirement savings. And the federal student loan forgiveness program presents a window for plan sponsors to urge workers with student loan debt to boost their retirement plan contributions."  MORE >>

"[Proposed] retirement bills would: [1] Increase the maximum annual contribution for retirement accounts by $4,000. [2] Increase the age when you must begin required minimum distributions. [3] Require automatic enrollment and escalation for employer-sponsored plans. [4] Increase the amount for the catch-up provision for those 50 and older. [5] Allow employers to help those who are burdened with student debt save for retirement."  MORE >>

"Pending retirement proposals in both the House and the Senate would allow the statutory 'small' pension plan cash-out limit to increase to $6,000 or $7,000 from $5,000, where it has been since August 6, 1997.... The questions and answers [in this article] illustrate a few of the favorable and perhaps not-so-favorable outcomes that could result from the passing of these proposals."  MORE >>

"[PBGC] has approved the application submitted to the [SFA] Program by the Gastronomical Workers Union Local 610 and Metropolitan Hotel Association Pension Fund (GWU Local 610 Plan). The plan, based in San Juan, Puerto Rico, covers 2,624 participants in the hospitality industry. The GWU Local 610 Plan became insolvent in June 2021.... The plan will receive $28.3 million in SFA, including interest to the expected date of payment to the plan."  MORE >>

"[1] The DOL's new fiduciary rule is expected to expand the ERISA definition of 'fiduciary' to include all 401(k) financial advisors -- like the 2016 rule -- while accounting for some more recent law changes.... [2] Improvements to the Form 5500 series ... [3] Improving participant engagement and effectiveness of ERISA retirement plan disclosures."  MORE >>