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Retirement Income
Most employers in the Beaver State that do not offer a retirement plan must register with OregonSaves, the state-run retirement program. So how do things stand with the program in the last year?
Registrations and Assets
The program’s phased-in registration deadlines were Nov. 15, 2017 for...
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Nearly 8 in 10 employers did not report any out-of-pocket (OOP) costs associated with participating in the program.
Of course, one of the selling points of OregonSaves, the state-run retirement program for employees whose employers do not offer one, is that it spares employers the administrative...
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The increased prevalence of defined contribution plans has heightened the importance of portability and the rules and circumstances affecting it, says a recent analysis that addresses common questions that arise as a result.
In “In-Plan Guaranteed Lifetime Income: Debunking Portability Myths,”...
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While it is more common than not for an employer to offer a retirement plan, still there are some that do not. The IRS offers information and materials for those that are considering offering a retirement plan—which, in turn, can be helpful information to provide potential clients and customers...
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With the gig economy apparently booming as Americans search for nontraditional employment, researchers at Mercer suggest that it’s time to give gig workers benefits.
The number of gig workers—defined as workers who are self-employed or independent—has grown exponentially in recent years and is...
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I was recently taken to task for my recent column about retirement savings regrets.
More precisely, my column about the regrets expressed in a recent American Century survey drew the attention of Faith Teope in a LinkedIn post titled, “Dear Finance Experts: We Would Listen, But We Don't Care.” In...
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While employees struggled with their personal finances during the COVID-19 pandemic, a recent survey finds that the financial impact on organizations is even greater.
According to results from BrightPlan’s annual Wellness Barometer Survey, financially stressed employees reported an average of 15.3...
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The pandemic has had a host of effects, one of which is an uptick in voluntary early retirements. In a recent analysis, two communication consultants offer some tips on running a voluntary early retirement program.
In a case study about communicating such a program, two consultants at Milliman—...
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While recent variants of COVID-19 could bring extra hurdles to recovery efforts, most small and medium-sized businesses expect their financials to continue improving and are ready to move forward when given the chance.
According to results from the latest Principal Financial Well-Being Index,...
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ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts.
ASPPA Webcast: Participant Loan Issues
Wednesday, Sept. 8, 2021
2:00-2:50 p.m. ET
Speaker: James C. Paul, Shareholder, Employee Benefits Law Group PC...
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ASPPA traditionally offers access to a recording of a webcast (including both audio and visual portions of the presentation) approximately one week following the original live webcast presentation. These recordings are available for 1 year after the date of the original live webcast. Below is a...
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The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted on the cusp of 2020—and before the dust even settled, new guidance and additional measures were enacted. In an ASPPA webcast, an industry expert looked at some key considerations for designed-based safe harbor 401(k...
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The Department of Labor reportedly is engaging in a letter-writing campaign urging retirement plan fiduciaries to recoup amounts held by former recordkeepers or paying agents that may have been overlooked during the transition of a service provider relationship.
According to an Aug. 13 blog post ...
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A new survey once again highlighted a consistent regret among American workers.
According to the survey by American Century Investments, they wish they had saved more for retirement.
Now, only about a third shared that regret—but it was more than twice the number that had regrets about career,...
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The IRS has updated the information it provides on the expansion of rollover options, which includes SIMPLE IRA plans.
The information is contained in an issue snapshot that describes the change made by the Protecting Americans from Tax Hikes Act (PATH) of 2015 to Code Section 408(p) to allow...
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Sens. Todd Young (R-IN) and Cory Booker (D-NJ) have reintroduced several bills to help boost retirement security for individuals and families.
Citing data by the U.S. Department of Labor showing that more than 40 million people do not have access to any workplace retirement plan, the pair...
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If there’s one good thing to come from the pandemic, it’s that Millennials and Generation Z apparently are more focused on saving for retirement, according to new research.
Findings from a new Voya survey reveal that nearly half (41%) of Millennials have been negatively affected financially by...
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My wife and I recently celebrated our wedding anniversary—it was a “big” one, one of those that almost takes your breath away thinking about how rich your life together has been.
If someone had asked on my wedding day if I thought I’d still be alive and married this many years hence, I’m sure that...
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Slowly but surely, states are adopting programs to provide retirement plan coverage to people whose employers do not. The plans that are in place are growing in participation and assets, but what does an industry insider think?
To provide an idea of what a private-sector retirement plan service...
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While most expect their standard of living in retirement to be about the same, or a little better than it is now, one regret (still) looms large.
According to new research by American Century Investments, 40% worry about running out of money in retirement, and half that many (18%) are concerned...
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