Retirement & Benefits

33% of plan sponsors do not even ask for coverage offers from multiple contractors.

Employees allege that eight years of underperformance of target-date funds in comparison with peer benchmarks “is impossible to justify” for the Post-it notes conglomerate.

President Trump’s new executive order paved the way for alternative assets to be included in 401(k)s, and now the Department of Labor has lifted a warning for fiduciaries so they can best decide the right options for their retirement plans.

Proponents say retirees will have access to higher returns; critics say the potential risks are too high.

The CEO of Voya says the company will “focus on the discipline of margin improvement over any type of premium growth.”

The proposed class-action ERISA lawsuit centers on two poorly performing funds offered by the $9 billion 401(k) plan covering more than 27,000 current and former employees of the giant telecommunications equipment maker.