Some orders expand health plan options, especially for small employers, while others may mean higher premium costs.
As developed countries around the world, including the U.S., see the average age of their population increase, employers must prepare for an imbalanced workforce.
DOL leadership has stated explicitly that investments with lifetime income elements can be a prudent investment option in DC plans, even if not a QDIA.
2017 happens to be a light year for required plan amendments for retirement plans.
Though not a required contribution, defined contribution (DC) plan sponsors may want to offer a true-up match to help participants maximize their savings for the year.
Some communications with terminated participants are required by law, but plan sponsors can take this farther—from offering the opportunity to repay loans to invitations to social events.
In a world of heightened plan sponsor scrutiny, fiduciary liability insurance can be a powerful tool.
Under the Multiemployer Pension Reform Act, the Treasury must review pension plan applications for benefit suspensions—but the process is proving more stringent than applicants and industry experts had anticipated.
There is a move among employers to self-insure health benefits, but if employers don’t act like insurers, they are missing out on the total cost-saving potential.
The rapid move of big data has created many factor-based investment products, but institutional investors need to focus on only a few.
Communications, pushing CDHP enrollment and including retirement plan reminders can help enrollment be successful for both employees and employers.
The deadline for adopting a new safe-harbor 401(k) plan is October 1, and while it’s not likely to be met for employers that have not already moved to adopt one, information about the plan design will help employers plan for future years.
Steps can be taken to prevent a lawsuit, establish defenses if a lawsuit arises and buy fiduciary protection.
With education and new tools, plan sponsors can help employees get student loan debt under control.
Often a fund manager personnel change serves as a trigger to put a fund on a watch list, but recent Morningstar research provides evidence this might not be necessary.
Two fiduciary compliance experts highlight the mistakes plan sponsors are making that can land them in hot water under ERISA—some common and others more obscure.