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Retirement

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Probation for Oakland plan trustee caught skimming funds

05/30/2018
A trustee of a benefit plan for employees of an Oakland metalworking company must serve one year of probation and make restitution for violating the Employee Retirement Income Security Act.

Workers delay retirement, unsure how much to save

05/08/2018
Though the economy is improving, many U.S. workers are still pumping the brakes on their retirement plans.

AARP seeks to revive fiduciary rule

05/01/2018
The Obama-era regulation would have required financial advisors to put their clients’ interests first when offering guidance on retirement plans.

Get expert legal help when drafting retirement offers that include health benefits

04/16/2018
A federal court has granted a temporary injunction in a case involving continued health insurance coverage. The court concluded that a group of retired workers would likely succeed on the merits of their case.

Employees pessimistic about retiring before age 65

04/10/2018
Thirty-seven percent of workers expect to work past age 70, an increase from 30% two years ago.

Most millennials have nothing saved for retirement

04/03/2018
Two-thirds of millennials have absolutely no retirement savings according to a new report by the nonprofit National Institute on Retirement Security.

Scrapped: Fiduciary rule regulating retirement plan conflicts of interest

03/20/2018

A panel of the 5th Circuit Court of Appeals on March 15 struck down the so-called fiduciary rule, an Obama-era regulation that required retirement plan advisors to always act in clients’ best interests instead of recommending investments that generated broker commissions.

Retirement benefits get Senate boost

03/13/2018

Senate legislation introduced March 8 would help employees save more for retirement and encourage employers to offer retirement benefits.

Snapshot: In retirement, we want to have our cake and eat it, too

01/09/2018

Americans want to spend like crazy in retirement. They also want their nest eggs to last forever.

First Bankers settles ESOP lawsuits for $15.75 million

12/13/2017

First Bankers Trust Services, a New York City firm that calls itself the “premier provider of fiduciary services” to clients nationwide, has settled three lawsuits with the U.S. Department of Labor’s Employee Benefits Security Administration over its handling of three employee stock ownership plans.

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