Employees of Seattle-based Weyerhaeuser Company filed a class-action lawsuit over the transfer of plan assets to Athene Annuity & Life Assurance, alleging a breach of fiduciary duty, according to law firm Schlichter Bogard.
By being prepared and implementing strategic solutions, employers can mitigate some of the financial pressures that may arise from the IRA, ensuring that their employees and retirees are better protected from the ripple effects of this landmark legislation.
Boeing union workers, in their seventh week of a strike, are seeking higher wages along with the restoration of the company's pension plan, which has been frozen since 2014.
New research findings raise an important question for employers: Are your retirement plans truly supporting your employees, or are they costing them more than they should?
The average employer-sponsored premium for U.S. families rose 7% this year—the same amount as last year, according to an annual KFF survey of 2,100 companies.