Retirement Income

The recent 2021 ASPPA Annual provided a unique opportunity to connect and also to gain from the insights of industry experts. Following is a quick rundown of our coverage of the event.  Graff Highlights Challenges and Hope in Washington Update  https://www.asppa.org/news/browse-topics/graff-... READ MORE

Gov. Kathy Hochul (D) has signed into law legislation that would convert New York State’s voluntary participation state-run IRA program to mandatory for employers that do not offer a retirement plan and employ 10 or more employees. The legislation had been passed by the State Senate back in June,... READ MORE

Despite feeling ongoing stress, most employees are satisfied with their current benefits package and appreciate their employer’s response to improve overall well-being, according to EBRI’s second annual Workplace Wellness Survey.   Conducted by EBRI and Greenwald Research, this year’s survey finds... READ MORE

A paucity of financial assets among members of the middle class, and some saving behaviors, threaten many with retirement instability, two recent studies warn.  Middle Class Assets  The National Institute for Retirement Security (NIRS) has analyzed data from the Federal Reserve’s 2019 Survey of... READ MORE

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9% in 2022, the Social Security Administration announced today. The 5.9% cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security... READ MORE

Fueled by strong market gains, HSA investment assets were up 73% year-over-year, soaring to more than $30 billion at the halfway mark of 2021, according to Devenir’s semi-annual health savings account report.  Devenir also found that there is now nearly $93 billion in more than 31 million HSAs—a... READ MORE

While debate remains over whether plan sponsors should offer either managed accounts or target date funds in their plans, a new study suggests that they shouldn’t have to choose.  For years, plan sponsors and consultants have compared the outcomes of managed accounts and TDFs in workplace... READ MORE

My wife Conni and I have lurked in the netherworld of retirement plan administration for decades now, working on those things nobody ever sees. One of the ways we explain what we do to friends and family is with a story about their own 401(k) and 403(b) plans. What we tell them is that when they go... READ MORE

While there is broad agreement that it is necessary to boost retirement savings, there is less uniformity of thought regarding how exactly to accomplish that. A panel of experts recently shared some ideas.  “Building a Better Retirement System for all Americans,” a Brookings Institution webinar,... READ MORE