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Comments from the American Retirement Association have led to changes in a DOL Enforcement letter.
Last month we reported that a regional office of the Employee Benefit Security Administration had been issuing letters threatening enforcement actions against plan sponsors who reported the late...
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The funded status of the 100 biggest private-sector defined benefit plans improved in June, Milliman reports.According to the Milliman 100 Pension Funding Index, those plans’ collective funding improved by $23 billion in June. The funded percentage improved since May by 1.2 percentage points from...
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An annual study that assesses agreement between married partners on communication and knowledge of finances uncovers several disconnects related to their retirement outlook.Fidelity’s Couples & Money Study reveals that more than 4 in 10 couples disagree when asked about what age they plan to...
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The Pension Benefit Guaranty Corporation (PBGC) is seeking approval from the Office of Management and Budget (OMB) to extend the collection of information concerning regulations related to multiemployer pension plans. Absent the extension, OMB approval will end on Nov. 30, 2018.The PBGC wants the...
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If you thought all the fiduciary rule litigation was over, think again.
Turns out that litigation pending in the U.S. District Court for the District of Minnesota is still, well — pending.
The case – Thrivent Financial for Lutherans initially brought suit challenging a requirement contained in the...
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If you thought all the fiduciary rule litigation was over, think again.
Turns out that litigation pending in the U.S. District Court for the District of Minnesota is still, well — pending.
The case – Thrivent Financial for Lutherans initially brought suit challenging a requirement contained in the...
READ MORE
As we celebrate the Declaration that marks the birth of this nation, it seems a good time to reflect on some lessons from that experience that hold true even today.
Inertia is a powerful force.
By the time the Second Continental Congress convened, the “shot heard round the world” had already been...
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New research reveals that many 401(k) plan participants still do not know what to do with their proverbial “pile of money” at retirement and need guidance.
Findings from “The Cerulli Edge ? U.S. Retirement Edition, 2Q 2018 Issue” show that participants aren’t always clear on what they should do...
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In the four decades since ERISA was passed into law, millions of Americans have entered and retired from the workforce. Plan designs of many shapes and sizes have come into being. Defined benefit plans dominated, then faded, after 401(k)s sprung out of an obscure section of the Internal Revenue...
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Participants must be informed. Law and regulation says so. But beyond the letter of the law, what is the best way to get to the goal of facilitating participants’ financial stability and well-being during retirement? A recent paper argues that financial literacy, and not the length and relative...
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