The OMB has concluded its review of the DOL's new Retirement Security Rule, indicating that the controversial rule will be finalized sometime this spring.
Employers generally lack market power to effectively negotiate lower healthcare prices. They need to critically assess whether self-funding will help their bottom line.
The lawsuit alleges that CFO John Rex interfered, for "commercial" reasons, with a decision by the company's investment committee to drop a set of target-date funds.
IBM's recent announcement that it is switching to a "hybrid" model of defined-benefit plan could make the case that bringing back a modern take on the classic retirement benefit could support retention in a tight labor market.
The ERISA Industry Committee, which represents the largest employers in the U.S., is calling on Congress to re-examine the premiums paid by companies that sponsor defined-benefit plans.
After 6 years of litigation, GE will settle the lawsuit—the largest-ever ERISA case alleging retirement plan mismanagement—which claimed underperforming funds were the only actively managed options available to participants.