A third-party administrator of 403(b) and 457(b) plans experienced a cyber breach last month, exposing sensitive information of more than 48,400 retirement plan participants.

In 2024, private equity returns declined to 3.8%, the third consecutive year in which the public markets outperformed the asset class, according to the consulting firm McKinsey & Co.

Probationary employees and the head of the agency’s division of employee ownership were recently terminated amid President Donald Trump’s efforts to reduce the federal workforce.