Total assets of health savings accounts reached $92.9 billion as of June 30, with investments accounting for an estimated $30.4 billion.
A federal court judge has rejected most of Centerra and Aon's requests to dismiss ERISA claims filed against them by Centerra participants.
ERISA fee litigation has driven up the cost and challenged the accessibility of fiduciary liability insurance for plan sponsors.
The defined contribution industry hopes the Supreme Court's decision to hear an ERISA case will provide more clarity for lower courts.
The DC industry wants more information on the potential impact of inflation, but sponsors aren’t in a crisis mode.
Target-date providers tackle inflation and risk using different approaches in their series of funds.
Fitch Ratings raised its outlook for New Jersey's debt to positive from negative, the third ratings agency to elevate the economic outlook.
Most employers that offer investment options for health savings accounts require a balance of $1,000 or more before participants can invest.
Consultant Hyas Group will be acquired by a unit of Morgan Stanley Wealth Management.
A judge ruled plaintiffs failed to make a case in their ERISA suit against PNC Financial Services Group and fiduciaries of its 401(k) plan.
A U.S. District Court judge rejected most arguments by Omnicom Group to dismiss an ERISA complaint alleging fiduciary breaches.
An appeals court upheld a decision by a District Court supporting two Great-West entities against claims the firms charged excessive fees.
DC participants using self-directed brokerage accounts are older, earn higher salaries and have longer job tenure than other participants.
New York City council member Brad Lander won the Democratic primary for city comptroller, nearly assuring his election in November.
Some ERISA attorneys are using a Supreme Court ruling in a DB-plan case to seek dismissal of DC lawsuits — with little success so far.
The move by Vanguard and T. Rowe Price to outsource record-keeping technology management is seen as a harbinger of things to come.
Principal Financial Group wraps up its integration of Wells Fargo & Co.'s record-keeping business and other benefits services.
Participants are benefiting from plan sponsors' adoption of recommendations for boosting outcomes, but there remains room for improvement.
Amid big gains by big defined contribution managers, other players find ways to grow in influence and in AUM.
T. Rowe Price agreed to transfer its retirement technology development and core operations to Fidelity National Information Services.