Corporate Finance

News  

House Lawmakers Slam DOL: Years-Long Investigations Burden 401(k) Plan Sponsors

Alan Goforth |

“Prolonged investigations” create “tremendous strain on retirement plan sponsors” and negatively impact retirement savers, wrote House Republicans in a letter sent to Acting Secretary of Labor Julie Su.

Analysis  

Investments Shift away from Bank Deposits

Tom Hunt |

The 2023 AFP Liquidity Survey found that treasurers are reducing bank deposits and moving investments toward more secure vehicles, reflecting the U.S. economic climate of 2022 and the bank failures of 2023.

Analysis  

American Airlines Pilot Sues Employer Over ESG Funds in 401(k) Plan

Alan Goforth |

In a class action lawsuit, the former employee alleges that 37% of his retirement savings were invested in BlackRock’s Target Date 2045 fund, which uses ESG considerations.

Employers Expect a 7% Hike in Healthcare Costs in 2024

Alan Goforth |

One notable change from last year is increased utilization because of delayed preventive or elective care during the pandemic, which declined from 12% to 4%.

Analysis  

Two-Year Delay! IRS Extends Looming SECURE 2.0 Catch-up Contribution Deadline

Alan Goforth |

After a lot of pushback from employers and retirement industry organizations on a key SECURE 2.0 catch-up contribution change for higher-income employees, the IRS announced an “administrative transition period.”

Alexander Hamilton Awards  

Leveraging the Blockchain to Improve the Supply Chain

Meg Waters |

Congratulations to Microsoft, winner of the 2023 Gold Alexander Hamilton Award in Risk Management!

Alexander Hamilton Awards  

Tapping a Wealth of Data to Improve Portfolio Risk Management

Meg Waters |

Congratulations to Morgan Stanley on winning the 2023 Silver Alexander Hamilton Award in Risk Management!

News  

Bankruptcy Filings Rise 10%, and Courts Feel the Pinch

Lisa Willis |

Attorney Glenn Moses attributes the uptick to "...a more conservative approach by banks in their lending practices – causing liquidity issues for business which often results in a bankruptcy filing."

News  

Broadcom Inches Closer to Megabond Issue

Josyana Joshua |

EU approval paved the way for a proposed acquisition of VMware. Now Broadcom needs $32 billion to fund the deal.

News  

Twitter Hit with ERISA Lawsuit for Failure to Pay Severance

Alan Goforth |

The lawsuit was brought by a former employee, who oversaw Twitter’s benefits program, on behalf of thousands of employees who were laid off after Elon Musk acquired the company late last year.