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Legislation that would put in place automatic enrollment of eligible private-sector employees in the Hawaii Retirement Savings Program is one step closer to passage.
On April 9, the state House of Representatives passed SB 2553, a measure that would change that. Under the bill, employees would no...
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Beware the Ides of March, the adage goes. This year, at least, they were nothing to fear—private-sector pension plans had a good month, according to recent analyses.
Or rather, another good month, since their March performance is a continuation of the warm winter private-sector DB plans had....
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The Pension Benefit Guaranty Corporation (PBGC) and the Department of Justice (DOJ) announced on April 8 that Central States is returning approximately $127 million in excess funds it received through the PBGC’s Special Financial Assistance (SFA) program.
The Central States pension plan, at the...
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“Democracy is messy, and it’s hard. It’s never easy.”
American Retirement Association CEO Brian Graff quoted Robert Kennedy to describe the current political environment and its potential effect on retirement plan savers and advisors.
Graff, who kicked off the opening keynote general session at...
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Increasing private-sector retirement plan coverage in a shifting retirement landscape is a major factor behind legislation that would establish Rhode Island Secure Choice, says Rhode Island General Treasurer James Diossa. The measure would provide retirement plan coverage for private-sector...
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A variety of factors slow some individuals’ retirement saving, if not impede it outright—and one of them is student loan debt. A recent NTSA webinar looked at a step some entities pursue that affects those with loans as well as retirement saving—student loan forgiveness.
In a March 27 NTSA...
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A new study finds that Americans’ “magic number” for retirement has surged to an all-time high, jumping 15% in just a year and a whopping 53% since the onset of the pandemic.
As a result, Americans now believe they will need to save $1.46 million to retire comfortably, up from $1.27 million...
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Nearly 4 in 10 compliance professionals from asset management, investment adviser, and private markets firms have yet to evaluate Artificial Intelligence (AI) as a cybersecurity risk, according to the findings of a new survey. What’s more, a similar amount has concerns about how the Securities and...
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The digital edition of the Spring 2024 issue of Plan Consultant, ASPPA’s members-only magazine, has been posted online!
More than a quarter of the 90-odd SECURE 2.0 Act of 2022 provisions are effective this year. Most are optional, but still…In this issue’s cover story, an expert panel—Shannon...
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Add private-sector employees in Alaska and Wisconsin to those covered by state-run plans if their employers do not offer a retirement plan. Maybe.
That is, if the governments of both states enact bills that would create state-run retirement savings plans for private-sector employees who do not...
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