Defined Contribution Plans

  A bill before the New Jersey legislature will require that there be multiple vendors for purposes of providing certain retirement plans to school districts. The legislation provides that a board of education of a school district with an enrollment of at least 1,000 students that offers a 403(b... READ MORE

In a testament to the willingness of plan sponsors to implement smart plan design, retirement plan participants broke new savings records in 2021, yet there is still more to be done, according to Vanguard’s newest edition of How America Saves.  The firm notes that it saw record-high participation... READ MORE

While retirement readiness has improved over the past two years for many DC plan participants, new data bolsters the case that the chances of achieving retirement readiness are highest when plan sponsors take advantage of automatic plan features.  According to John Hancock Retirement’s most recent... READ MORE

Following a month when there were no above-normal trading days despite high levels of market volatility, 401(k) traders seemingly decided to change course in May.  According to Alight’s May 2022 401(k) Index, 12 of 21 days in May had above-normal 401(k) trading activity, but no day exceeded three... READ MORE

The American Retirement Association (ARA) in a May 25 comment letter has made recommendations to the IRS concerning the proposed required minimum distributions (RMD) regulations issued in February 2022, including that the IRS delay the effective date of the regulations when they are in final form... READ MORE

The IRS in a May 23 edition of Employee Plan News provides a comprehensive discussion of the impact of missing a deadline for restating a pre-approved 401(a) or 403(b) plan and how such a situation can be handled.  To maintain a plan’s status as a pre-approved plan and retain uninterrupted... READ MORE

The graduates of 2022—well, they’ve been through a lot, arguably more than most—but with any luck at all, the days and years ahead will be brighter.  Life has many lessons to teach us, some more painful than others—and some we’d just as soon be spared. Regardless, if you have a graduate—or if you... READ MORE

A new survey finds that small employers are interested in learning more about pooled employer plans, although there is still some hesitancy on the road to implementation. In fact, more than half of smaller employers surveyed by the Secure Retirement Institute (SRI) that are considering a defined... READ MORE

In April, equity markets posted their worst month in more than two years, but 401(k) investors were holding firm, according to Alight’s April 2022 401(k) Index. Surprisingly, there were no above-normal trading days in April, and on average, 0.011% of 401(k) balances were traded daily, the firm... READ MORE