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“Cash is king” may not be fully true when it comes to finding the perfect job, as a newly published survey shows that Americans favor workplace benefits over extra salary.
An AICPA survey of 2,026 U.S. adults, among whom 1,115 were employed, suggests that employers need to be ready to show...
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The Garden State is one step closer to becoming the latest to create a state-run employment plan for private-sector employees whose employers do not offer a retirement plan. The New Jersey Assembly on Dec. 17 passed a bill that would establish such a system.
In a 52-24 vote, the Assembly approved...
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The Pension Benefit Guaranty Corporation (PBGC) has made its Comprehensive Premium Filing Instructions for 2019 Plan Years available.
The new instructions reflect the 2019 premium rates, as well as minor changes to reflect the PBGC’s streamlined disaster relief policy. They also provide...
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The on-cycle filing deadline for third cycle pre-approved defined contribution plans ends Dec. 31, 2018. The IRS issued a reminder about the upcoming deadline on Dec. 14.
The IRS encourages filers to red line all changes made since the pre-approved second cycle plan document.
The IRS also reminds...
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There are many challenges facing plan sponsors, and in a recent blog entry Christopher Carosa has identified the top challenges of which they are not aware.
Understanding the Extent of Legal Liability
“The eye cannot be on two balls at once,” writes Carosa, noting that most plan sponsors “stay...
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Many argue that retirement plan participation is not where it should be. And some warn that not only is it far below what’s needed, it’s also getting worse. But the American Enterprise Institute’s (AEI) Andrew Biggs is not one of them.
Biggs, a resident scholar at AEI and former principal deputy...
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For all the buzz around financial wellness, a new survey suggests there is a long way to go.
These days there’s not much argument against the premise behind pursuing financial wellness. The notion is that bad financial health contributes to (and/or causes) a bevy of workplace woes: stress, which...
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It’s always unpleasant when a TPA gets a call or a letter from the Department of Labor (DOL) about an investigation of a client’s qualified plan.
What should a TPA do? As a first step, a TPA should notify its client about the inquiry from the DOL, so that the client can, if desired, relay that...
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Employees increasingly are looking to their employers for help with managing their student loan debt, but there are several issues employers should consider in advance, according to industry experts.
In a new Employee Benefit Research Institute issue brief summarizing a web briefing — “Student...
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The American Retirement Association (ARA), in a Dec. 12 letter to Joe Canary, Director of the Office of Regulations and Interpretations of the DOL’s Employee Benefits Security Administration, has suggested steps the agency can take to improve retirement security.
The ARA sent the letter as part of...
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