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Willis Towers Watson offers 10 suggestions for DB plans for 2021.

Simply put, the strategy prescribes lowering spending following market declines to help preserve the balance of a portfolio, which, ostensibly, stands to benefit from market rebounds, Vanguard says.

The agency says the purpose of the updates is to allow retirees to retain more savings in their accounts in case they live longer.

Higher contributions can be expected in the future and asset allocation makes a difference, according to firms that track defined benefit plan funded status.

Until guidance is issued about transferring amounts to state unclaimed property funds, plan sponsors will have to rely on the limited guidance already given.

One expected outcome at this very early juncture is that environmental, social and governance investing will see major advancements, sources say.

In October, all of their net trades went into fixed income, according to the Alight Solutions 401(k) Index.

A proposed class has been certified in the lawsuit against Maine Oxy-Acetylene Supply Co., its owner and a person who reportedly financed the purchase of the company.

OneDigital acquires Berkshire employee benefits division; SageView Advisory Group hires institutional client relationship leaders; Janus Henderson investors selects ESG global head; and more.

The company recently entered an asset purchase agreement designed to allow it to emerge from Chapter 11 bankruptcy, but the pension plan was not part of the deal.

In tandem with the Treasury Department, the IRS is also requesting comments on the application of annuity and spousal rights provisions related to distributions in certain 403(b) plans.

Lifetime income projections, offering more control over assets and education about annuity pricing will help participants be more receptive to in-plan annuities.

Defined contribution plan sponsors can offer meaningful fixed income investment options by using diversification and thoughtful asset managers.

Plan sponsors should not forget the needs of older workers when offering financial wellness and emergency savings help.

While implementing a request for proposals (RFP) isn’t necessary for every plan, issuing one can be a crucial step in determining a quality plan auditor.

Panelists said encouraging better financial wellness can go a long way to helping workers manage their student loans.

Speakers discussed the SECURE Act, the CARES Act and the DOL’s guidance on ESG during the first day of the Best of PLANSPONSOR National Conference