On February 18, 2022, President Biden again officially extended the national COVID-19 emergencywhich was set to expire on March 1, 2022. As explained in detail in our previous alerts1this most recent extension means that the deadlines listed below continue to be tolls for one year (or, if earlier, 60 daysRead More →

NEWARK, NJ, February 23, 2022 – Prudential Financial, Inc. (NYSE: PRU) today announced a pension risk transfer transaction, whereby the Timber Operators Council Pension Plan (“TOCRP”) settled approximately $245 million of its pension plan obligations, for approximately 3,000 retirees, beneficiaries and deferred participants, through the purchase of a group annuityRead More →

NEWARK, New Jersey, February 23, 2022–(BUSINESS WIRE)–Prudential Financial, Inc. (NYSE: PRU) today announced a pension risk transfer transaction, whereby the Timber Operators Council Pension Plan (“TOCRP”) settled approximately $245 million of obligations of its pension plan, for approximately 3,000 retirees, beneficiaries and deferred members, by purchasing a group annuity contractRead More →

NEWARK, NJ–(BUSINESS WIRE)–Prudential Financial, Inc. (NYSE: PRU) today announced a pension risk transfer transaction, whereby the Timber Operators Council Pension Plan (“TOCRP”) settled approximately $245 million of obligations of its pension plan, for approximately 3,000 retirees, beneficiaries and deferred members, by purchasing a group annuity contract from the Prudential InsuranceRead More →

(Photo credit: Piotr Swat/Shutterstock) Overview of Goldman Sachs Employee Retirement Class Action: WHO: A former Goldman Sachs employee is suing the bank, alleging it mishandled its employees’ $7.5 billion 401(k) plan. Why: The plaintiff claims the banking giant’s plan was full of underperforming company-managed investment funds. Or: The case isRead More →

New to ClassAction.org? Read our newswire disclaimer A proposed class action lawsuit alleges that Taylor Corporation and its board of directors and trustee investment committee failed to prudently manage the company’s employee pension plan. According to the 46-page case, the defendants breached their fiduciary duties to 401(k) participants and beneficiariesRead More →

Chicago, IL, February 15, 2022 –(PR.com)– Pension Advisors, LLC (RPA) is growing WalletMore, its proprietary Participant Managed Account solution, to include Advisor Managed Account (AMA) platforms. This expansion will bring personalized investment advisory solutions to even more public sector deferred compensation/defined contribution plans and their employees. RPA brings decades ofRead More →

WASHINGTON DC – Bipartisan legislation to remove a barrier preventing lifetime income products as the default investment choice in retirement plans was introduced today. The Employee Lifetime Income Act, introduced by Rep. Donald Norcross (DN.J.) and Rep. Tim Walberg (R-Mich.), would allow pension plan sponsors to use lifetime income solutionsRead More →

San Francisco, California, February 10, 2022 –(PR.com)– Verb™ presents a series of talks: “Improving your retirement plan: time to rethink it?” with Patrick Collar, Nicholas Pension Consultants Patrick Collar, principal at Nicholas Pension Consultants, will be the featured guest in the Verb™ Presents speaker series on Tuesday, February 22, 2022Read More →

Patrick Collar, principal at Nicholas Pension Consultants, will be the featured guest in the Verb™ Presents speaker series on Tuesday, February 22, 2022 at 5:30 p.m. PT. His talk (“Improving Your Pension Plan: Time for a Rethink?”) will focus on the critical issues facing small and medium-sized business owners. SanRead More →

A federal judge on Wednesday granted UnitedHealth Group workers class action status in their fight against the company’s alleged inability to manage their $7 billion retirement accounts. Judge John Tunheim of the U.S. District Court in Minnesota ruled that the employee’s complaint met federal class certification standards, saying the moreRead More →

NASA says the International Space Station will continue to operate until 2030. Thereafter, it will be decommissioned by burning up in Earth’s atmosphere and crushing its debris in an area of ​​the ocean called the “Spacecraft Graveyard”. “. The iconic ISS is a science laboratory positioned in low Earth orbit.Read More →

Last week, on January 24, the United States Supreme Court issued its much-anticipated decision in Hughes v. Northwestern University, unanimously ruling that pension plan trustees have a duty to continuously monitor pension plan investment options and remove any imprudent ones. In its opinion, the Supreme Court made it clear thatRead More →