Nevin Adams

A new plan sponsor survey offers insights into the issues regarding retirement income adoption by workplace retirement plans. Service providers may find it instructive in anticipating and meeting plan needs.More than a third of 212 plan sponsor respondents (37%) agree that solvency determination (i... READ MORE

Preparing for retirement inevitably brings up questions of time: When will you retire? How long will your retirement last? How long do you have to prepare? Often we don’t take advantage of the time we have, and sometimes we don’t have the time we thought we would.It was just five years ago this... READ MORE

Apparently the Texas judge presiding over the challenge to the Labor Department’s fiduciary regulation only wants so much help in considering the issues.District Judge Barbara M.G. Lynn has issued an order stating that she will only consider amicus curiae (“friend of the court”) briefs filed by the... READ MORE

Millennials (born 1979 to 2000) are the youngest and largest generation in the workforce — and, according to a new survey, they are also a do-it-yourself generation of retirement savers.According to the survey by the Transamerica Center for Retirement Studies, Millennial workers most frequently... READ MORE

A plan sponsor and its recordkeeper are facing a class action for its selection of what are alleged to be target-date funds that charged excessive fees.The plan sponsor, Safeway, and its recordkeeper (now Empower, by way of Great-West, by way of J.P. Morgan Retirement Plan Services) are being sued... READ MORE

The Department of Labor’s (DOL) final rule outlining the circumstances in which state retirement savings programs would not be treated as creating ERISA-covered pension plans is out.The final rule largely mirrors the proposed rule, while offering some clarifications in response to submitted... READ MORE

A plan trustee and recordkeeper — and a couple of large employers — have been sued for allegedly misusing the float income generated by their plans.The suit, filed in the U.S. District Court for the Northern District of California, challenges the plan fiduciaries of the Hewlett-Packard Company 401(... READ MORE

Another broker/dealer has been accused of larding its 401(k) plan menu with investment options from mutual fund families that paid hundreds of millions of dollars to the firm, despite what are alleged to be “high fees, poor performance prospects, and availability of better-performing, lower-cost... READ MORE

One could hardly read the headlines this past week without experiencing a certain sense of déjà vu. After all, it’s been not quite 10 years since the then relatively obscure St. Louis-based law firm of Schlichter, Bogard & Denton launched about a dozen of what have come to be referred to as “... READ MORE