A client alert from Drinker Biddle & Reath goes into detail about the IRS’ recent expansion of its determination letter program and notes that the IRS is still considering input given about further expansion.
Bob Browne, CIO at Northern Trust, argues that pension plan sponsors should not wait to de-risk their plans based solely on the assumption that interest rates will rise.
Aegon Asset Management Hires Distribution Head; TRA Acquires Virginia TPA Firm; American Century Investments Names Senior Retirement Strategist; and more.
Making sure plan participants understand the positive aspects of volatility can help them avoid poor trading decisions during periods of negative returns.
The agency has indicated it will launch audit initiatives regarding 403(b) plan compliance this summer; the remedial amendment period and other IRS-provided relief can help plan sponsors prepare.
The less than $250 million plan is accused of failing to employ a prudent and loyal process in evaluating investment and administrative fees.
A plan advisory explains Employee Retirement Income Security Act (ERISA) rules for record retention and offers best practices for that and protecting personal information.
Members of the Senate Finance Committee voiced frustration that lawmakers have not yet come to a solution to the multiemployer union pension funding crisis.
Finding that most households own mutual funds in employer-sponsored retirement plans, the Investment Company Institute (ICI) looked into the factors considered when selecting mutual funds.
The program is available to employers through Tuition.io, which provides two levels of support for student loan indebtedness.
My Learning Center suggests a curriculum and pairs it with plan level data to create key recommended actions to drive engagement and encourage financial fitness and retirement readiness for the individual.
Members of the House and Senate have put forward many ideas for modernizing the laws governing retirement plans, but so far they have failed to achieve the sweeping reform that has been discussed over multiple Congresses.
The FAQs explain the Department of Labor’s (DOL)’s enforcement policy and ongoing administration of association health plans (AHPs) following a federal court ruling striking down the DOL’s most recent AHP guidance.
On the same day as the introduction of the new Retirement Security and Savings Act, the Senate Finance Committee heard from retirement industry witnesses about the need to pass numerous federal retirement reforms.
“This title lays out the benefits of 457(b) plans and their pitfalls, and provides a convenient tool to research questions that will arise in plan design or administration,” say author S. Derrin Watson, J.D.
According to Northern Trust, Corporate Employee Retirement Income Security Act (ERISA) pension plans had the best first quarter on a relative basis, while the Wilshire Trust Universe Comparison Service shows Taft Hartley defined benefit (DB) plans, which had the largest allocation to U.S. equities, posted the highest Q1 gain.
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