The PEP Opportunity
Pooled employer plans (PEPs) are coming, and potential adopting employers need to know what to look for and what they are getting into.
Administration
Important Considerations for the RFP Process
When conducting a service provider request for proposals (RFP), being specific can help ensure plan and participant needs are met, as well as compliance with fiduciary duties.
Tremendous Promise Foreseen for PEPs
Many retirement plan experts say they think the pooled employer plans authorized under the SECURE Act will open more doors for small businesses.
Retirement Plan Providers Opening Up to Serving Cannabis and Other Companies
A few financial firms have entered the cannabis, hemp and CBD market, being careful to manage any legal risks for their clients and themselves.
Lessons From Well-Funded Public Retirement Plans for Managing Crises
Representatives of three well-funded pension plans shared information about their contribution rate, assumed return rate and COLA strategies.
Considering the Potential Future Volatility for Multiemployer Plans
Whether a plan is in dire financial straits or not, many employers likely want to get out of them, but their options may come at high cost or...
Lower Interest Rates Foil Market Rally Impact on DB Plan Funded Status
Firms that monitor DB plan funded status say it is uncertain whether Congress will offer additional funding relief; many plans will likely face lower funded status in 2020.
CARES Act Special Considerations for 403(b) Plans
Participants invested in annuity contracts may face charges for distributions and limits on amounts they can take as a distribution or loan that they may not be aware...
Frozen DB Plans Still Require Much Attention
There is nearly as much work to do when a DB plan is frozen as when it’s open, and ignoring it could come at great cost.
Forty Percent of DB Plans Could Adopt Strategies to Lower PBGC Premiums
Strategies regarding timing and recording of pension contributions translate to millions of dollars in lower PBGC premiums, according to a report from October Three.
Changing Messages About Benefits
Plan sponsors can create new communications to engage participants with their retirement and health benefit plans that take into consideration special circumstances caused by the COVID-19 pandemic.
How DB Plans Fare During Volatility Depends Greatly on Portfolio Allocation
Depending on asset allocation, some plans have fared better than others, but the majority are down for the year.
Risk for Cyberattacks Heightened as Remote Work Continues
Remote work is expected to lead to more attacks on retirement plan accounts, but there are an increasing number of measures to handle the threat.
Get Beneficiary Designation and Missing Participant Practices in Order
The pandemic has highlighted the need for plan sponsors to actively encourage revised beneficiary designations and have missing participant procedures in place.
Another Risk for Retirement Savings: Divorce
Divorced women are especially vulnerable, but targeted messages not just focused on retirement can help.
Clearing Up Confusion About Retirement Timing
The pandemic may put a wrench in some participants’ plans to retire, but others may be more prepared than they think. How can plan sponsors help them decide?
Why Now May Be the Right Time for Roth Conversions
With account values down, income tax on amounts converted will be lower, if participants have the money to pay them.
Corporate Pensions See Slight Funded Status Boost in May
Markets are rebounding, but discount rates used to measure liabilities are falling, and pension consultants wonder if pending legislation will provide funding relief for plan sponsors.
How to Manage DB Plans Through the Crisis
Experts expect the market volatility will continue for an unknown amount of time, so DB plan sponsors must be flexible and find new directions depending on the goals...
A Retirement Plan Wake-Up Call From COVID-19
Nontraditional retirement plan providers suggest plan design will be more driven by behavioral finance and participant communications and advice will evolve.