Those Who Have Both a 401(k) and IRA Have Higher Savings
EBRI found individuals able to consistently contribute to both could end up with around 2.5 times more savings for retirement.
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Another Lawsuit Takes Aim at Plan’s Use of Fidelity Active TDF Suite
The lawsuit also calls out what it says are ‘additional objectively imprudent investment options,’ and claims recordkeeping fees were excessive.
GAO Explores Reasons for Women’s Retirement Insecurity
The report was requested by U.S. Senators to inform public policy to improve women's retirement security.
DOL Issues NPRM on PEP Provider Registration
Providers of pooled employer plans (PEPs) must first register with the DOL before plans can begin operating.
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.
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ShareBuilder 401k Offers Discounts Ahead of Safe Harbor Deadline
The provider is offering discounts to businesses with employees that set up a safe harbor 401(k) before October 1.
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Security Benefit Introduces Mobile App for Retirement Plan Participants
The firm says it is trying to bring the services and technological conveniences typically offered to large plans to the smaller 401(k) and 403(b) market.
Benefits |
Rethinking HSAs
With the high cost of health care, employees are using HSAs as spending, not savings, vehicles, and if more people had access to them, it might help with...
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Lockton Announces New PEPs Series
The new outsourced administrative responsibilities practice will serve both small and large employers.
IRS Issues NPRM for Qualified Plan Loan Offset Amounts
The Tax Cuts and Jobs Act provided for an extension of the period a retirement plan participant has to roll over plan loan offset amounts in certain cases.
401(k) Investors Light on Trades in July
The movement from equities to fixed income continues, according to the Alight Solutions 401(k) Index.
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Rebalance Builds 401(k) Product Aimed at Small Businesses
The tool offers investment strategies geared toward each plan participant.
Benefits |
Coronavirus Influencing Future Health Benefit Plan Design
Large employers will expand mental and emotional well-being services and access to virtual care, and the pandemic is making it hard to predict future health care costs.
DOL Releases Interim Final Rule on Lifetime Income Illustrations
The interim final rule includes assumptions plan administrators must use to calculate estimated lifetime benefit payments to be included on retirement plan participant statements.
Retirees Sue Liberty Mutual for Retirement Health Coverage
The plaintiffs in a new ERISA lawsuit say Liberty Mutual is not meeting the terms of summary plan descriptions sent to certain employees after the company’s 2008 Safeco...
Almost Half of Retirees Cannot Maintain Spending
Those who failed to preserve spending were also more likely to owe mortgage payments, choose lump-sum annuity options and claim Social Security benefits before age 62.
Benefits |
Trump’s Payroll Tax Deferral Opens Questions About Social Security’s Future
Whether there is a detrimental effect depends on what Congress does.
IRS Updates Model Rollover Notices to Reflect SECURE Act Changes
The notice also clarifies that plan administrators are not required to provide a Section 402(f) notice to a recipient of a coronavirus-related distribution created by the CARES Act.
LinkedIn Joins List of Plan Sponsors Targeted in Stream of Excessive Fee Suits
The allegations are similar to other ERISA excessive fee suits, including a challenge to the use of the Fidelity Freedom Funds TDF series.