401k Plans: Record High Participation
Data indicates that the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 is having an impact. The Plan Sponsor Council of America’s 64th Annual Survey reveals positive trends related to retirement…
Read Moreabout 401k Plans: Record High Participation
Retirement Decumulation? Trends for 2022
Save for a healthy and secure older age. That’s why 401k plans exist, right? What’s never been as clear, is the answer to “then what?” How do we responsibly use retirement funds to meet our…
Read Moreabout Retirement Decumulation? Trends for 2022
401k Action: Assisted Roll-Out?
Businesses, the retirement industry, and, of course plan sponsors, are abuzz with how to facilitate the portability of retirement savings when employees change jobs Making portability a reality in 2022 requires “roll-out” support when…
Read Moreabout 401k Action: Assisted Roll-Out?
Small Businesses: Left In The Dark?
Retirement plan sponsors from small and midsize businesses are challenged by the task of evaluating the cybersecurity procedures and protocols of recordkeepers and other service providers. Experts provide advice about adhering to The Department…
Read Moreabout Small Businesses: Left In The Dark?
Housekeeping Time: Tips for Plan Sponsors
You are not alone if you find yourself cloudy on your fiduciary obligations as a plan sponsor. Retirement industry executives observe that very few plan sponsors deeply understand their fiduciary duties or how to protect…
Read Moreabout Housekeeping Time: Tips for Plan Sponsors
Pandemic’s Impact on Retirement Saving?
As 2021 ends, new insights into how the pandemic has impacted retirement savings are emerging. A study by recordkeeper Empower Retirement provides insights based on a study with about 4 million retirement plan participants….
Read Moreabout Pandemic’s Impact on Retirement Saving?
Challenging Times for Plan Sponsors
The storm of lawsuits alleging violation of Employee Retirement Income Security Act (ERISA) fiduciary duties continues to push plan sponsors into settlement negotiations. Though costly, settling before trial frequently ends up becoming more appealing…
Read Moreabout Challenging Times for Plan Sponsors
ERISA Law: Correcting Violations?
To encourage retirement plan fiduciaries to bring plans into compliance with the Employee Retirement Income Security Act (ERISA), the Employee Benefits and Securities Administration(EBSA) administers the Voluntary Fiduciary Correction Program (VFCP). In 2021, the…
Read Moreabout ERISA Law: Correcting Violations?
Income Illustrations?
That’s what retirement plan sponsors across the country need to be asking their plan administrators about this quarter. Why? The 2019 Secure Act mandated that participants receive two illustrations, at least once each year,…
Read Moreabout Income Illustrations?