The Department of Labor (DOL) has released interim final rules and an amendment to a prohibited transaction class exemption (PTE) to make it easier for Chapter 7 bankruptcy trustees to distribute assets from bankrupt companies’ retirement plans. The guidance issued May 16 by the DOL’s Employee... READ MORE

While the overall rate of inflation eased a bit in April, Social Security beneficiaries are still on track to receive a modest increase in the 2025 cost of living adjustment (COLA). According to the April Consumer Price Index (CPI) released May 15 by the Bureau of Labor Statistics (BLS), the April... READ MORE

A new report out this week provides an interesting take on whether it makes sense for retirees and near-retirees to base their retirement planning under the industry-wide assumption that they will live to age 95.   Instead of simply using age as a factor in determining how much to save and spend... READ MORE

There’s a new metric out that lays out the difference between what a first-year retiree can withdraw and what they could get by converting some savings into lifetime retirement paychecks.  More specifically, the TIAA Annuity Paycheck Advantage suggests that new retirees can potentially receive 32... READ MORE

The Securities and Exchange Commission (SEC) has obtained a final judgment against a company and three of its executives who allegedly conspired to defraud retirement account holders through the sale of gold and silver coins. The United States District Court for the Central District of California... READ MORE

There’s some good news on the retirement front, as Bank of America reported in its quarterly Participant Pulse that many of the key plan indicators it tracks were trending in a positive direction. Among other things, the report reveals that the average 401(k) account balance as of the end of March... READ MORE

During the height of COVID, many workers quit their jobs in droves, which led to the coining of the term “The Great Resignation,” but are they now regretting it? A new survey of U.S. workers examines job satisfaction among those who left and those who stayed. As part of a job satisfaction survey... READ MORE

One week after the release of the final retirement security rule, senior officials with the Department of Labor’s Employee Benefits Security Administration (EBSA) defended the rollout of the fiduciary while taking a deeper dive to explain some of the key changes.   The DOL on April 23 released the... READ MORE

Professional services firm Aon announced April 25 that it has completed its acquisition of NFP, expanding the firm’s presence in the large and fast-growing middle-market segment. The deal comprises funds affiliated with NFP's main capital sponsor, private-equity firm Madison Dearborn Partners (MDP... READ MORE