Cook Group sued for ‘unreasonably high fees’ in 401(k) plan
Cook Group, the Bloomington-based maker of medical devices, is being sued by a participant of its 401(k) retirement plan. Cook officials said the company planned to fight the suit.
Retirement
Articles
Stock market slump unsettling Americans eying retirement
A stock market slump this year has taken a big bite out of investors’ portfolios, including retirement plans like 401(k)s.
Millions who retired early during pandemic now returning to work, new data shows
In some cases, workers say rising costs—and the inability to keep up while on a fixed income—are factoring heavily into their decisions.
Longtime Colts tight end Jack Doyle announces retirement
A graduate of Indianapolis Cathedral High School and a former ball boy for the Indiana Pacers, Doyle played all 131 games of his nine-year career with his hometown football team.
Elements CEO stepping down after 17 years leading credit union
Lisa Schlehuber has served as CEO of Indianapolis-based Elements Financial since 2005. She’ll retire from the role in April, the credit union announced Wednesday.
IBJ Podcast: Pete the Planner answers questions about retirement, college savings, mortgages
Host Mason King and the folks in the Midtown Parents Facebook Group in Indianapolis have a lot of questions about money—specifically how they should be saving it for retirement and college.
Indiana Members CEO to retire after 37 years with credit union
President and CEO Ron Collier has managed 33 mergers and acquisitions at Indiana Members Credit Union since 1985.
Hillenbrand CEO set to retire at end of year
Joe Raver, Hillenbrand Inc.’s president and CEO since 2013, will be succeeded by Kimberly Ryan, who has been with the company for more than 30 years.
Vigran stepping down as CEO of Second Helpings
A former labor relations manager for Thomson Consumer Electronics and chief negotiator for Gov. Evan Bayh’s administration, Jennifer Vigran joined the hunger-relief group as a volunteer in 2001. By 2010, she had become CEO.
Proposal offers city employees early retirement ahead of expected 2022 revenue declines
Of the city-county’s workforce of about 7,000 employees, 724 are eligible for the early-retirement program.
First Merchants CEO Rechin stepping down after 13 years
Mike Rechin, who has served as the bank’s president and CEO since 2007, plans to retire at the end of the year. His departure will trigger several promotions among the bank’s other executives.
Mass Ave Toys closes after 14-year run
The owner, who has operated toy stores for more than 40 years, said she closed the shop so she could retire.
Tony Kanaan closing IndyCar career with five final oval races
The 45-year-old Kanaan, who won the 2013 Indy 500, is another casualty of a poor driver market in which veterans are being squeezed out of their seats by drivers with little to no IndyCar experience.
Trump likely to sign bill that makes big changes to how Americans save for retirement
The bill, which President Trump is expected to sign, is widely considered the biggest piece of retirement legislation since the Pension Protection Act of 2006.
Sen. Rand Paul offers bill to combat student loan debt with retirement savings
The Kentucky Republican introduced federal legislation late Monday that would allow students to dip into retirement accounts to help pay for college or make monthly debt payments.
Indianapolis police chief Roach to retire after accepting new job
Bryan Roach, chief of the Indianapolis Metropolitan Police Department since January 2017, plans to retire at the end of the year, Mayor Joe Hogsett announced Friday morning.
Finally meeting with media, Vinatieri says he just needed time to clear his head
In his first public comments since leaving the stadium Sunday, the NFL’s career scoring leader explained he misspoke when saying he would answer questions on the players’ normal day off—a comment that drove speculation about Vinatieri’s possible NFL exit.
Poll: 1 in 4 don’t plan to retire despite realities of aging
When asked how financially comfortable they feel about retirement, only 14% of Americans under the age of 50 and 29% over 50 say they feel extremely or very prepared, according to the poll.
Worker pension plan lawsuits draw review from U.S. Supreme Court
The U.S. Supreme Court agreed to consider giving workers who participate in pension plans more ability to sue when they believe the money is being mismanaged.
Americans lose trillions claiming Social Security at wrong time
Almost all American retirees claim Social Security at the wrong time, a new report estimates, which means they will miss out on a collective $3.4 trillion in benefits before they die.