Retirement Income

In a recent webinar, an industry expert offered some insights on cybersecurity in light of the Department of Labor’s (DOL) recent guidance on cybersecurity.   Speaker Mark Strosahl, Business Information Security Officer at Principal Financial, set the table by noting that Infosecurity Magazine has... READ MORE

In a recent Plan Sponsor Council of America (PSCA) webcast, industry experts offered ways to approach employees concerning HSAs and strategies that can help in improving how effective they are in helping them meet their current and future needs.   Panelists in the June 10 webinar “HSA Thought... READ MORE

A survey by a group pushing a new retirement proposal finds that a majority of voters favor a new proposal like the one the group is promoting—which would give those who don’t already have access to a plan at work access to “the same savings plan as government employees.”  The survey—commissioned... READ MORE

That said, workers say that they would rather have a boosted 401(k) match than a raise, given their choice of benefit options, according to a new survey. Eighty percent of respondents agree that the traditional idea of retirement is no longer accurate for most people’s expectations or experiences... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) is seeking the approval of the Office of Management and Budget (OMB) on two modifications of methods of collecting information.  Reportable Events The PBGC seeks OMB approval of modifications to two forms by which it is informed about reportable... READ MORE

I was talking to a friend recently, and commending him on his forthcoming bump in take-home pay, though neither his compensation nor tax bracket had moved an iota. Turns out he’s got a daughter who has just graduated from college and—wonders of wonders, she has a job lined up in her field of study... READ MORE

In May, the heads of two key congressional retirement policy committees—Sen. Patty Murray (D-WA), Chair of the Senate Health, Education, Labor & Pensions (HELP) Committee, and Rep. Bobby Scott (D-VA), Chair of the House Committee on Education & Labor Committee—sent a letter to the U.S.... READ MORE

CalSavers, the retirement plan the state of California provides for employees whose employers do not provide one, grew like gardens in many areas in April and May. The growth in some respects was a bit more robust than that in March. The CalSavers Retirement Savings Board reports that the number... READ MORE

Another proprietary fund suit has been settled—for money, and procedural changes in plan administration.  The defendant in this case is John Hancock, which was sued by plaintiff Jennifer Baker, a participant in the John Hancock plan from 2014 until 2019. That suit, filed just ahead of the COVID-19... READ MORE