Advertisement
News Archive
The Department of Labor (DOL) has released interim final rules and an amendment to a prohibited transaction class exemption (PTE) to make it easier for Chapter 7 bankruptcy trustees to distribute assets from bankrupt companies’ retirement plans.
The guidance issued May 16 by the DOL’s Employee...
READ MORE
A group of retirement industry groups has asked the United States Supreme Court to hear a case they say if “left undisturbed… has the potential to impact the orderly and efficient operation of every retirement plan in the country.”
Filing an amicus (friend of the court) brief in support of the...
READ MORE
The IRS has updated static mortality tables to be used for defined benefit plans under Internal Revenue Code (IRC) Section 430(h)(3)(A) and Section 303(h)(3)(A) of ERISA. The IRS made the announcement in Notice 2024-42.
These updated tables apply for calculation of the funding target and other...
READ MORE
The settlements are lining up in a number of so-called excessive fee suits—including one at the 11th hour—all with plaintiffs represented by Capozzi Adler PC.
Mass General Brigham
Plaintiffs Mark Norton, Daska Louis, Caroline Mitchell, Nancy Barlett, and Azilda Cordahi and Defendants Mass General...
READ MORE
Teachers are closer to having expanded options for retirement income in two states as their legislatures consider—and chambers pass—bills that would do that.
Alaska
In Alaska, teachers would be able to choose between defined benefit or defined contribution coverage if a bill that would allow...
READ MORE
Like many, perhaps most, families—mine never really talked about money or finance.
Doubtless that was in no small part because neither of those were in abundance in our household. But mostly, I suspect, it was because that was just one of “those” topics that were deemed by my parents’ generation...
READ MORE
During the height of COVID, many workers quit their jobs in droves, which led to the coining of the term “The Great Resignation,” but are they now regretting it? A new survey of U.S. workers examines job satisfaction among those who left and those who stayed.
As part of a job satisfaction survey...
READ MORE
A new report provides some interesting insights on 401(k) participants and their behaviors—and reminds of the challenges in tracking trendlines.
The report—aptly titled “401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2022”—provides a snapshot on the how, and how much 401(k)s...
READ MORE
How will the Saver’s Match contained in SECURE 2.0 affect race/gender disparities in 401(k) balances?
It’s a question tackled in the latest analysis from the Collaborative for Equitable Retirement Savings (CFERS), comprised of three high-profile retirement plan research organizations.
It found...
READ MORE
What's in the episode?
Department of Labor Chief Operating Officer and senior staff member Tim Hauser joins American Retirement Association CEO Brian Graff for a comprehensive discussion of the myths, controversies and questions surrounding the final fiduciary rule, officially called the...
READ MORE
Legislation that would create Alaska Work and Save, a state-run program that would provide retirement plan coverage to private-sector employees in Alaska whose employers do not, is still under consideration.
The bill that would create Alaska Work and Save, SB 135, is not new. Sen. Bill...
READ MORE
There’s some good news on the retirement front, as Bank of America reported in its quarterly Participant Pulse that many of the key plan indicators it tracks were trending in a positive direction.
Among other things, the report reveals that the average 401(k) account balance as of the end of...
READ MORE
While not quite the bump received from last year’s record inflation, the health savings account (HSA) limits will still receive an increase for 2025, as determined under Section 223 of the Internal Revenue Code.
The new limits were announced May 9 by the IRS in Revenue Procedure 2024-25.
The IRS...
READ MORE
Arctic Circle, the Big Easy: they could not be in more different parts of the country, but the legislatures of Alaska and Louisiana are considering measures that would do the same thing—call on Congress to repeal the Windfall Elimination Provision (WEP).
And they share similar reasoning: the WEP...
READ MORE
Target date funds (TDF) start off strong, only to vary more in investment performance and risk as they approach the specified retirement date, according to the Government Accountability Office (GAO)—which asked the Department of Labor (DOL) to do something about it.
The GAO has called on the DOL...
READ MORE
What's in the episode?
Research and consulting giant Morningstar was cited over 40 times in the final fiduciary rule release, officially called the Retirement Security Rule. The reason was largely due to the data and information for which the company is known.
Aron Szapiro, Head of Government...
READ MORE
Mid-spring was mild for private-sector pension plans, according to several analyses that generally report modest improvements in their fortunes in April.
This marks a continuation of a trend that has held sway all year. Corporate defined benefit plans had a mild winter, and showed some...
READ MORE
Ann Y. Orr has been named to serve as the Acting Director of the Pension Benefit Guaranty Corporation (PBGC).
Orr has been named to fill the office that had been held by Gordon Hartogensis. His five-year term as PBGC Director ended on April 30, 2024.
Orr is not new at the PBGC. She served as...
READ MORE
It’s proverbial that with age comes wisdom. Recent research doesn’t vouch for that, but does suggest that at the very least, confidence in a financially secure retirement is more likely among generations that have been around longer.
Confidence Goes Boom
“Over the past several years, there has...
READ MORE
Disasters can create a sudden need for resources to address the situation at hand. But some resources are more readily accessible than others—resorting to certain kinds of funds can itself create some hardship.
To help avoid that circumstance and risk having a response to an emergency itself...
READ MORE