The Securities and Exchange Commission says the firm knew that hackers were trying to access participant accounts but didn’t report them.
On an almost daily basis we hear from teachers who have been sold awful products and/or only have bad vendor choices available.
A three-judge panel in the U.S. Court of Appeals for the Ninth Circuit affirmed a district court’s dismissal of the case. The savings system is not a plan under the Employee Retirement Income Security Act and is therefore not preempted by the law, the panel wrote in the opinion published yesterday.
Consumer research firm Hearts & Wallets surveyed 5,900 people and found that most have no idea how they pay for financial services.
The CEO and president of Empower Retirement, which recently surpassed $1 trillion in assets, also sees IRA rollovers as a driver of new business.