Remy Samuels

New Jersey

Reporter at Plan Sponsor

Reporter @PLANSPONSOR | Formerly @PatchTweet @ThePittNews @PittsburghMag

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Articles

Retirement Industry People Moves

1 week ago | plansponsor.com | Remy Samuels

Simpson Thacher Bolsters Executive Compensation TeamSimpson Thacher & Bartlett LLP announced that Jana Hymowitz has joined the firm’s New York office as a partner in the executive compensation and employee benefits practice.
UBS Faces Latest 401(k) Forfeiture Lawsuit

1 week ago | plansponsor.com | Remy Samuels

UBS has joined the list of companies facing lawsuits over their management of forfeited funds in their 401(k) plans. In Czakoczi v. UBS AG et al, filed Thursday in U.S. District Court for the District of New Jersey, the investment bank is accused of acting in its own self-interest by using forfeitures to reduce its employer contributions, as opposed to allocating forfeited funds toward paying plan expenses.
9th Circuit Affirms Dismissal of Long-Running Intel Investment Lawsuit

1 week ago | plansponsor.com | Remy Samuels

The U.S. 9th Circuit Court of Appeals has ruled in favor of Intel Corp. fiduciaries, affirming the dismissal of a long-running lawsuit alleging the inclusion of alternative investments in the company’s two defined contribution plans was a breach of their fiduciary duties. Last week, the appeals court affirmed the U.S. District Court for the Northern District of California’s dismissal of Anderson v. Intel Corp.
Retirement Industry People Moves - 5/23/2025

1 week ago | planadviser.com | Remy Samuels

TIAA Expands Retirement Product TeamChris Stickrod,head of retirement productatTIAA, announced three changes to the organization, effective June 1.
Data Breach at Alera Exposed Data of More Than 10,000 Individuals

1 week ago | planadviser.com | Remy Samuels

The Alera Group reported on Wednesday an external system data breach from 2024 that impacted 10,874 individuals, according to anoticefiled with the Maine attorney general. According to the firm, it confirmed on April 28 that personal information may have been removed from its network as a result of unauthorized access to the Alera Group technology environment that occurred between July 19, 2024, and August 4, 2024.
Retirement Industry People Moves

2 weeks ago | plansponsor.com | Remy Samuels

TIAA Expands Retirement Product TeamChris Stickrod, head of retirement product at TIAA, announced three organization changes that will be effective June 1. Bridget Bouchard will take on an expanded role, leading strategic annuity product management.
Alera Breach Exposes Data of More Than 10,000 Individuals

2 weeks ago | plansponsor.com | Remy Samuels

The Alera Group reported on Wednesday an external system data breach from 2024 that impacted 10,874 individuals, according to a notice filed with the Maine attorney general. According to the firm, it confirmed on April 28 that personal information may have been removed from its network as a result of unauthorized access to the Alera Group technology environment that occurred between July 19, 2024, and August 4, 2024.
6th Circuit Reverses Blue Cross Blue Shield Claim Overpayment Dismissal

2 weeks ago | plansponsor.com | Remy Samuels

A lawsuit accusing Blue Cross Blue Shield of Michigan of overpaying medical providers and participating in self-dealing, which had been dismissed by a district court, was remanded back to the district court by the U.S. 6th Circuit Court of Appeals on Wednesday.
Concerned About Economic Conditions, Workers Decrease Savings

2 weeks ago | planadviser.com | Remy Samuels

Due to concerns about inflation and a potential recession, many U.S. employees have reduced their retirement plan contributions, according to a recent study conducted byMorgan Stanley at Work. About 39% of employees surveyed said they have reduced their 401(k) contributions in reaction to current economic conditions, and 67% of respondents said they are reducing their contributions across all savings accounts—up four percentage points since 2024.
US Employees Decrease 401(k) Contributions Amid Increased Financial Stress

2 weeks ago | plansponsor.com | Remy Samuels

Due to concerns about inflation and a potential recession, many U.S. employees have reduced their retirement plan contributions, according to a recent study conducted by Morgan Stanley at Work. About 39% of employees surveyed said they have reduced their 401(k) contributions in reaction to current economic conditions, and 67% of respondents said they are reducing their contributions across all savings accounts—up four percentage points since 2024.