401k

Major ESG Ruling Against American Airlines: Implications for 401(k) Plans

2 months ago

In a groundbreaking decision, a court ruling regarding American Airlines and its environmental, social, and governance (ESG) practices could have far-reaching implications for 401(k) plans across the United States. This pivotal case sets a precedent that may reshape how companies manage retirement funds in relation to ESG factors, which are increasingly coming under scrutiny from investors and regulators alike.

KKR Appoints First Head of Defined Contribution Amid Expansion in 401(k) Services

2 months ago

In a significant move aimed at enhancing its retirement plan offerings, KKR & Co., one of the leading global investment firms, has appointed its first-ever head of defined contribution plans, signaling an intensified focus on the 401(k) market. This strategic hire comes as the firm seeks to broaden its influence in the rapidly evolving landscape of retirement investment solutions.

Citigroup Cuts 401(k) Contributions for Top Earners: A Shift in Employee Benefits

3 months ago

In a significant change to its employee benefits structure, Citigroup has announced a reduction in its 401(k) contributions for high-income earners within the organization. This move, aimed at realigning compensation strategies and bolstering long-term financial health, reflects broader trends in corporate America as businesses reassess their benefit offerings amid economic pressures.

Gen X Faces Retirement Savings Gap: Are They Prepared?

4 months ago

As the landscape of retirement savings evolves, Generation X finds itself at a crossroads, trailing behind Baby Boomers and Millennials in 401(k) contributions and savings. This demographic, which includes individuals currently in their 40s and 50s, appears unequipped for the financial demands of retirement, raising pressing questions about future security.