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The IRS on March 6 announced that it no longer intends to amend the required minimum distribution (RMD) regulations to address the practice of offering retirees and beneficiaries who are currently receiving annuity payments under a defined benefit plan a temporary option to elect a lump-sum payment...
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Democrats in both houses of Congress have introduced legislation that will tax financial transactions – including those in your 401(k).
"It's called the Wall Street Tax Act, but it's really a Main Street savings attack," said Brian Graff, CEO of the American Retirement Association.
The Wall...
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The California Secure Choice Retirement Savings Investment Board has proposed regulations that would directly address questions of eligibility, processes and duties, as well as further define terms and clarify sections of the law that created the CalSavers Retirement Savings Program.
The board...
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A group consisting of 12 separate financial services trade associations – including SIFMA, ACLI and the U.S. Chamber of Commerce – have highlighted both preemption issues and legal deficiencies with Nevada’s proposed fiduciary regulation that they say goes “well beyond” the state’s legal authority...
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Of late, we’ve been getting a lot of questions about legislation that would create open multiple employer plans (MEPs). Here’s the update.
Ever since the Department of Labor issued an explicit ruling in 2012 that an open MEP is not a single employee benefit pension plan but a group of single...
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Some plan sponsors and administrators “stretch the match” as a way to increase participants’ contributions to their retirement savings accounts. Does the strategy work? A recently released study seeks to find out.
Stretching the match is a practice in which an employer sets a higher employee...
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Plan fiduciaries have asked the nation’s highest court to weigh in on when ERISA’s three-year statute of limitations begins – and if disclosure alone is enough to start that clock.
In asking the U.S. Supreme Court to take up the case, plan fiduciaries at Intel said the question presented was “...
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The Silver State managed to overlook the long history of ERISA preemption in its recent draft fiduciary regulations. Once again, the American Retirement Association has brought this to their attention.
The comments came in response to draft regulations issue in mid-January by Nevada’s Office of...
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IRAs have existed for 45 years – middle-aged in human terms. But that doesn’t translate to understanding, according to recent research that says Americans’ confidence in their knowledge of IRAs is low.
In fact, just over a third of those studied by the LIMRA Secure Retirement Institute said they...
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A recent headline in The Wall Street Journal started off: “Forget the 401(k).” And then, unintentionally, proceeded to explain why that would be… nuts.
Not that the author (Jason Zweig) didn’t throw in some digs at the subject, making a glancing reference to what he termed “the rigid and often...
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