Advertisement
News Archive
It’s proverbial that with age comes wisdom. Recent research doesn’t vouch for that, but does suggest that at the very least, confidence in a financially secure retirement is more likely among generations that have been around longer.
Confidence Goes Boom
“Over the past several years, there has...
READ MORE
Disasters can create a sudden need for resources to address the situation at hand. But some resources are more readily accessible than others—resorting to certain kinds of funds can itself create some hardship.
To help avoid that circumstance and risk having a response to an emergency itself...
READ MORE
Don’t Be Bashful! Sign up for the 2024 ASPPA Spring National Conference.
Why Attend?
Here are some reasons to attend the 2024 ASPPA Spring National Conference.
Learn and earn. On this virtual journey, you will hear from a bevy of industry experts and ERISA attorneys, while earning 10 CE...
READ MORE
It’s been said that a crisis is a terrible thing to waste. But what if it’s a figment of your imagination?
“Crisis” is a word much bandied about these days, most particularly as a label applied to retirement—by foes and fans alike. Indeed, while not so long ago headlines posed that premise as a...
READ MORE
The effects of the SECURE 2.0 Act cover the gamut from profound and far-reaching to the more mundane yet still important—and that includes reporting about certain retirement plans and saving arrangements.
In FS-2024-18, a fact sheet issued May 2, the IRS reminds businesses that beginning with tax...
READ MORE
A contentious congressional hearing that was billed as “examining the policies and priorities of the Department of Labor” ended with a member of Congress calling for the resignation of Acting Labor Secretary Julie Su.
Appearing May 1 for a hearing before the House Education and the Workforce...
READ MORE
At the upcoming 2024 ASPPA Spring National Conference, I look forward to learning from many top industry experts and ERISA attorneys during the conference, as well as receive updates on SECURE 2.0 and developments in Washington D.C.
Highlights. To highlight only a few sessions, TPA plan...
READ MORE
As expected, and with the ink barely dry on the new Retirement Security regulation, the first lawsuit challenging that rule has been filed.
It seeks to vacate the 2024 Fiduciary Rule and amendment to PTE-84-24 under the Administrative Procedures Act (APA) on the grounds that they are “contrary to...
READ MORE
CalSavers, one of the first state-run programs that provides retirement plan coverage for private-sector employees whose employers do not, continues to grow—especially in assets.
As one of the longest-lived such programs, CalSavers provides a useful snapshot regarding how such plans function and...
READ MORE
The climate is warming. No, not that one—the climate for annuities. Interest in them among retirement investors is rising, according to recent reports.
This actually is not a new trend, says LIMRA. They report that interest in annuities stood at 33% of those whom they surveyed in 2018 but “jumped...
READ MORE
As we approach the 50th anniversary of ERISA, the SECURE 2.0 Act is continuing to dominate the thoughts of plan sponsors, advisors, and administrators—and is on the agenda of the upcoming 2024 ASPPA Spring National Conference.
The conference is just around the corner and I’m excited to hear from...
READ MORE
So nice to get a break from deadlines as the weather heats up. Hope your vacation and concert schedule is full of fun times ahead. Perhaps you will prepare a hundred or so Cycle 3 document restatements during down time?
Remember preparing your 2023 PBGC Forms that reflected big asset losses in...
READ MORE
One week after the release of the final retirement security rule, senior officials with the Department of Labor’s Employee Benefits Security Administration (EBSA) defended the rollout of the fiduciary rule while taking a deeper dive to explain some of the key changes.
The DOL on April 23...
READ MORE
Editor note: This story appeared in the Spring 2024 Plan Consultant magazine issue.
When a client informs your firm that they’re adopting a cash balance (CB) plan alongside their existing profit sharing 401(k) (PS/k) plan, it’s crucial to understand the implications and necessary adjustments....
READ MORE
While sympathizing with the participant-plaintiffs in the case, a federal judge finds no obligation to use “reasonable” life expectancy and interest rates in a pension calculation conversion.
Plaintiffs Thomas Reichert, Stuart Buck, and Kenneth Henrich (on behalf of themselves and others similarly...
READ MORE
Editors’ Note: This is part IV of a four-part series about the importance of aligning the retirement benefits an employer offers with employees’ interests and needs. Part I is here; Part II is here; Part III is here.
Of course, an employer does not want to waste time and resources providing...
READ MORE
Of all the promising provisions in the SECURE 2.0 Act of 2022, one of the most expensive (as the federal government does math, anyway) is likely to be one of the most challenging to implement.
It’s not effective till 2027, so there’s still some time to figure it out—but I’m talking about the new...
READ MORE
Legislation that seeks to bolster the retirement income of teachers in Rhode Island—including through participation in the federal Social Security system—is going to receive further study.
The Finance Committee of the Rhode Island House of Representatives at an April 25 hearing decided to further...
READ MORE
Overall, private-sector employees are more than four times as likely to have access to a defined contribution plan than a defined benefit plan, according to the U.S. Bureau of Labor Statistics (BLS).
The BLS in “TED: The Economics Daily” reports that in its most recent National Compensation Survey...
READ MORE
Editors’ Note: This is Part III of a four-part series about the importance of aligning the retirement benefits an employer offers with those employees’ interests and needs. Part I is here; Part II is here.
Increasing employees’ financial literacy figures into the effort to better align...
READ MORE