Panelists at the 2026 PLANSPONSOR National Conference said new Department of Labor rules could give employers more room to innovate, but documentation burdens will rise.
Speakers at the PLANSPONSOR National Conference said employers are still evaluating guaranteed income products to create income from accumulated defined contribution balances.
One-fourth of respondents answered no more than 25% of financial questions correctly, according to the TIAA Institute and Global Financial Literacy Excellence Center.
Experts caution that while a vendor can prepare and distribute plan communications, the sponsor retains the fiduciary responsibility to ensure the accuracy of what is sent.
The department sided with employers in oral arguments before multiple circuit courts of appeal, urging judges to uphold lower-court decisions to dismiss the complaints.
The U.S. Chamber of Commerce and the American Benefits Council file amicus brief claiming "improper certification of ERISA class actions...here harms American businesses and their employees."
Information about alternatives in DC plans should provide straightforward explanations about diversification and clear information about cost and liquidity.