As Democrats in Washington try to reach an agreement on sweeping legislation that incorporates the Biden administration’s economic agenda, the package seems to be shrinking and could jettison some tax hikes on the wealthy. Over the course of this week, ...

Institutional investors managing more than $12 trillion in assets are less confident about their ability to outperform against return targets over the next three years, according to a survey by Fidelity. Only 54% expressed confidence in their ability to do ...

Record keepers expressed excitement and concern about the future of the defined-contribution industry at the third annual InvestmentNews RPA Convergence Record Keeper Roundtable and Think Tank. which included the leading providers and supporting sponsors most interested in collaborating with retirement ...

Assets in target-date funds accounted for 27% of 401(k) plan assets at the end of 2018, according to an analysis of a database compiled by the Employee Benefit Research Institute and the Investment Company Institute. The study found that at ...

The House Ways and Means Committee approved legislation Thursday that would require small businesses to provide retirement plans for their workers. The Democratic majority on the House tax-writing panel advanced the measure on a mostly party-line vote, 22-20, that introduced ...

Koch Industries has settled an 401(k) excessive-fee lawsuit, according to court records filed this week. The company will pay $4 million to compensate participants in its plan, and it agreed to seek a more competitive rate for record-keeping services. According ...