There is less risk when a plan sponsor pays retirement plan fees, but that doesn’t necessarily mean the benchmarking should be different than if participants pay.
With the purchase of an annuity contract, the company will transfer the payment obligation for approximately 1,850 retiree accounts to MassMutual.
With representation being top of mind in 2020, companies are reconsidering the makeup of their workforces.
The SECURE Act’s requirement to let part-time employees join 401(k)s demands a process for counting hours and creates opportunities to review other procedures.
A decline in equity markets caused funded status to decrease during the month, and firms say DB plan sponsors should prepare for more market volatility through the end...
Panelists reviewed different lifetime income stream selections and important disclosures to note under the SECURE Act.
Industry experts say one key takeaway is the importance of having a retirement plan committee that reflects the diversity of the participant population.
However, firms that track pension plan funded status warn about the potential for more market volatility ahead in 2020.
The solutions to manage funded status differ for public and corporate plans.
Plan sponsors can share with participants other options to consider before taking a DC plan loan or withdrawal.
A few financial firms have entered the cannabis, hemp and CBD market, being careful to manage any legal risks for their clients and themselves.