Asset Management Culture
MassMutual Reportedly Exploring $2 Billion Sale of Retirement Services
The life insurance company apparently no longer considers the DC plans integral to its business.
Tag: 401(k)
Market Moves
Don’t Get All Excited by the Green Light for PE in 401(k)s
Private equity isn’t always a market beater and charges high fees. Besides, it’ll be confined to larger investment pools, like target-date funds, which limits its impact.
Regulation
Northrop Grumman Pays $12.4 Million to Settle 401(k) Lawsuit
Lawsuit said firm’s alleged fiduciary failures caused plan to lose over $13 million
News
FedEx to Close Pension Plan to New Employees
Move comes on heels of report that firm paid $0 in taxes in 2018.
Asset Allocation
Baby Boomers Carry Risky Levels of Stocks, Says Fidelity
Almost 1 in 3 of them are heading into retirement equity-heavy, fund house finds.
News
Goldman Sachs Sued Over 401(k) Plan
Lawsuit alleges firm used underperforming proprietary mutual funds in plan.
House Committee Passes Bill to Overhaul Retirement Plans
Legislation would increase 401(k) contributions, plan portability.