Retirement benefits

Plan sponsors should stand their ground to discourage plaintiffs from pursuing more lawsuits, says one expert.

Plan sponsors are urged to increase financial education so employees understand the pros and cons of tapping into their 401(k) plans for purposes such as paying off credit card debt.

Lawsuits can’t be avoided, so advisers should focus on helping clients improve their processes, one expert says.

BlackRock Inc. plans to cut about 400 jobs in what may be the biggest round of layoffs to date at the world’s largest money manager, according to people with knowledge of the matter.

New ways advisers can help clients make sound savings and investment decisions.

The DOL’s impending fiduciary rule will accelerate employers’ move toward vetting for experienced brokers, one expert says, adding that a formal process would help plan sponsors better spot suitable firms.

Lack of consistency in 401(k) matches is one reason Teresa Ghilarducci says it’s time for a change.

Regardless of what the final Department of Labor regulations say about fiduciary responsibility, sponsors should not hire or continue to work with an adviser who will not sign on to the plan as a fiduciary.

While benchmarking 401(k) plan investments and fees is important, new research suggests employers and their advisers aren’t doing enough to measure workers’ retirement readiness.

The DOL’s impending fiduciary rule will accelerate employers’ move toward vetting for experienced brokers, one expert says, adding that a formal process would help plan sponsors better spot suitable firms.