They have filed a joint motion to stay all trial dates, but have not yet prepared details of the settlement agreement.
A focus on managing chronic conditions, and education to improve health care utilization can help employers manage cost increases.
NASRA says since 2009, more than 35 states increased required employee contribution rates, and more states maintain plans in which the employee contribution rate may change, depending on the pension plan’s actuarial condition or other factors.
There has actually been relatively little helpful legal insight published by the courts, due to the fact that many ERISA cases end with settlements, while others are dismissed early on for pleading deficiencies.
Employers need to focus on getting employees into the right plans for them and maximizing the use of their benefits.
The plaintiffs say new evidence came to light from MIT President Rafael Reif’s response to revelations that improper donations were received by MIT from the now-deceased financier Jeffrey Epstein.
Following a high-profile 9th Circuit decision, Greystar argues that the plaintiff signed a Mutual Agreement to Arbitrate Claims that not only requires arbitration of her claims but forecloses her from bringing any class action.
Discussing college finances can be intimidating. These two firms want to open up that conversation for employees.
Some defined contribution plan investments may already include real estate investments in their underlying portfolio, but if not, plan sponsors may consider real estate investment trusts or direct real estate investments.
For one thing, many wellness program incentives are geared to those who are already healthy.
“We will do everything we can to make this a non-event for plan sponsors and participants,” says Renee Schaaf, Principal’s president of retirement and income solutions.
The fiduciary breach lawsuit accuses plan fiduciaries of mapping $1 billion into a fund that lagged peer performance and was unpopular in the marketplace.
Pension plans that have invested in long bonds would have benefited, according to Northern Trust Asset Management, and Legal and General Investment Management America suggests market volatility can be risk-managed and controlled to a specific target with the use of an overlay.
Even though pension risk transfer is better understood by plan sponsors, LIMRA hopes pending legislation that would open multiple employer plans to more employers will create an opportunity for greater plan access.
Educating employees about the power of time on their savings, encouraging them to log into their retirement plan accounts and starting them at a higher deferral rate are some ways employers can help boost employees' retirement savings.