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Despite political affiliation, large majorities of Americans believe the nation faces a retirement crisis and are largely supportive of state efforts to expand coverage, recent survey results show.  Findings contained in the National Institute on Retirement Security’s “Retirement Insecurity 2019:... READ MORE
The Federal Trade Commission (FTC) is considering amendments to cybersecurity rules that could have an impact on retirement plan professionals. The FTC voted 3-2 to propose amendments to the Standards for Safeguarding Customer Information, which became effective on 2003 and requires that financial... READ MORE
Single premium pension buyouts grew sharply from the third quarter of last year to the fourth, and from 2017 to 2018, according to a new report. Buyouts grew by 68% from the third quarter to the fourth, rising from $6.2 billion to $10.4 billion, according to the LIMRA Secure Retirement Institute.... READ MORE
The fourth quarter 2018 market correction weighed on plan participants’ investment activity within self-directed brokerage accounts (SDBAs).  According to Charles Schwab’s SDBA Indicators Report, the average balance of the firm’s SDBAs fell to $246,153, a decline of 10.6% from the third quarter of... READ MORE
A new survey of nearly 4,000 401(k) plans sheds some light on current plan design trends in the small-plan market. The survey of 3,975 small business 401(k) plans focused on common practices in two plan design areas: contributions and eligibility requirements. It was conducted by Employee... READ MORE
Pension funded status began and ended 2018 at roughly the same levels. That suggests stability, but analysts show that it was anything but in 2018. A recent J.P. Morgan Asset Management report, “Corporate Pension Peer Analysis,” shows that among the largest corporate pensions, funded status on Dec... READ MORE
Private sector pension plan contributions were exceptionally high in 2017 and 2018, but may not remain so this year, say recent analyses. The 20 largest corporate DB plans just had “two of the strongest years ever for pension contributions,” writes Russell Investments’ Director of Client Strategy... READ MORE
Following a slow start after 2018’s year-end market volatility, 401(k) investor trading activity again remained calm for February, reflecting a mostly positive performance for investors. According to the Alight Solutions 401(k) Index, February included only three trading days of above-normal... READ MORE
Employees’ financial literacy — and its relevance to financial preparedness for retirement — is generating increasing concern and attention. But if it’s good to start saving young, why not foster financial literacy at a young age as well? Some schools and programs are doing just that. And they’re... READ MORE
If you send the IRS a Voluntary Compliance Program (VCP) submission on paper on April 1, it will be returned to you. But it won’t be an April Fools Day joke. Beginning April 1, 2019, the IRS will only accept VCP submissions that are made electronically through It will return VCP... READ MORE