More Plan Sponsors Seek to Completely Offload DB Pension Liabilities
Among companies with pension de-risking plans, 93% expect to completely divest their defined benefit liabilities, according to a MetLife survey.
Administration
Deadline Approaches for PBGC Premiums
The premium due date for many plan sponsors, as well as the deadline for seeking a refund on 2023 premium payments, is coming up quickly.
IRS Provides Tax Relief for Those Impacted by Hurricane Helene
Individuals and businesses in several states hit by the disaster received extended deadlines for filing tax returns and payments.
Insider Threats: Are Disgruntled Employees a Cybersecurity Risk?
Limiting access, creating protocols aimed at keeping data safe can mitigate sabotage.
A Guide to Buying and Maintaining Cyberinsurance
Now more than ever, plan sponsors need to understand what types of coverage are available and what will fit them best.
Plan Security Relies on Vetting 3rd-Party Providers
As 3rd-party subcontractors continue to experience data breaches, plan sponsors must ensure they are asking the right questions about their providers’ providers.
Senate Banking Committee Members Introduce Bill to Allow CITs in 403(b) Plans
The bill is part of a push by retirement industry leaders to allow 403(b) plans to invest using the cheaper investment vehicle.
IRS Private Letter Ruling Allows Employer to Increase Plan Design Flexibility
Under the ruling, participants are able to elect where they would like the employer’s nonelective contributions to be allocated, including to their HSA or student loan payments.
Advisory Council Sees More Work Ahead for Retirement Income Products as QDIA
The council rounded up three days of QDIA discussion that focused primarily on creating a pension-like guaranteed income option in DC plans.
ERISA Advisory Council Continues to Investigate Retirement Income in QDIAs
Testimonies from experts on embedding retirement income solutions in qualified default investment alternatives continued at Wednesday's meeting.
DOL Clarifies Scope of Cybersecurity Guidance
Updated cybersecurity guidance from EBSA extends to all employee retirement benefit plans and health and welfare plans.
Social Security Administration Allows More Electronic Signatures
The moves are part of a larger effort to streamline services.
Smaller Plans, Larger Costs
While 401(k) plan fees are a bigger ask for small plans, the savings benefits to participants still tend to be worth the price.
From Auto-IRAs to PEPs: How Small Employers Can Offer Retirement Savings
For some employers, offering a state-facilitated retirement plan is the best and easiest option, but for others, sponsoring their own plan or joining a PEP are more attractive.
No Matter How Small, Businesses Have Retirement Plan Options
If small employers want to offer a retirement plan, they can start small and ‘graduate’ to more custom, tailored plans when the company grows.
SPARK Meeting Seeks to Identify Roth Catch-Up Needs
Recordkeepers and payroll providers met to decide on workflow to establish implementation processes for SECURE 2.0 Roth catch-up mandates.
Educational Assistance Programs Can Be Used to Help Repay Student Loans
Employees whose employers offer educational assistance programs can use them to help pay student loan obligations until at least December 2025, according to the IRS.
Industry Groups Urge Congress to Finalize SECURE 2.0 Technical Corrections
Eight major organizations highlighted the need to clarify provisions related to automatic enrollment in PEPs, distributions for terminally ill participants, student loan matching and more.
IRS Forms Public-Private Committee to Combat Tax Fraud
The new coalition, an offshoot of the IRS’s Security Summit group, will work to reduce tax scams during the 2025 filing period.
Inspector General’s Office Warns About Social Security Administration Scammers
People at or near retirement age are being targeted in hybrid scams involving imposter Social Security Administration employees.