A new report provides some interesting insights on 401(k) participants and their behaviors—and reminds of the challenges in tracking trendlines. The report—aptly titled “401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2022”—provides a snapshot on the how, and how much 401(k)s... READ MORE

While sympathizing with the participant-plaintiffs in the case, a federal judge finds no obligation to use “reasonable” life expectancy and interest rates in a pension calculation conversion. Plaintiffs Thomas Reichert, Stuart Buck, and Kenneth Henrich (on behalf of themselves and others similarly... READ MORE

After plunging to levels not seen since the so-called Great Recession, a new survey picked up on a burst of optimism in retirement confidence. And the picture of retirement FROM retirement looks pretty good. In fact, two-thirds (68%) of the workers and three-fourths (74%) of retirees surveyed were... READ MORE

It’s been said that a crisis is a terrible thing to waste. But what if it’s a figment of your imagination? “Crisis” is a word much bandied about these days, most particularly as a label applied to retirement—by foes and fans alike. Indeed, while not so long ago headlines posed that premise as a... READ MORE

Well, here we are again at the end of another workweek … and yet, just look at what has happened to these guys and gals… By now those of you in a number of Midwest and southeastern states know that we’re looking at not one, but TWO broods of cicadas (Broods XIX and XIII) … and maybe another... READ MORE

Evidence of a prudent process has regularly proven to be “enough” to win at trial—but a new case found it wasn’t enough to forestall going to trial—and this from a federal judge who called the entire summary judgment exercise a “monumental waste of time.” “Here, where there are qualified experts... READ MORE

Last week, a new report claimed to find a big jump in a so-called “magic” number for retirement, based on what survey respondents said they thought they’d need. As though they’d know. It garnered quite a bit of coverage, including an article in The Wall Street Journal (and a comment from none... READ MORE

This case, “yet another in a long list of cases challenging an employer’s conversion to a cash balance retirement plan under the Employee Retirement Income Security Act ('ERISA') …” and the particulars aren’t pretty. Former BP workers Fritz Guenther and Walt Fujimoto filed suit in 2016, alleging... READ MORE

A suit that questioned the prudence of proprietary funds, as well as alleging excessive fees and poor performance in those selections, has been dismissed. The suit was brought by one Judy Lalonde, a former employee of Defendant Massachusetts Mutual Insurance Company on behalf of herself and a... READ MORE