Behavioral Strategies to Help Participants See the Long TermSarah Newcomb, Ph.D., senior behavioral scientist at Morningstar, works to incorporate insights from psychology into products and services to help people make healthy financial decisions. Her research includes a focus on how the phenomenon of psychological distance affects financial behavior. For example, in a recent study, “The Comparison Trap,” Newcomb looks at how social comparisons affect our financial well-being.Read more > |
ESG, Proxy Voting Trends Unlikely to Shift on Executive OrderThis week the White House issued an executive order on the evolving topic of proxy voting and environmental, social and governance (ESG) investing programs being put into practice by retirement plans subject to the Employee Retirement Income Security Act (ERISA). The ultimate impact is likely to be more symbolic than substantive when it comes to the real-world activities of retirement plan fiduciaries and investment managers.Read more > |
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Employer Contribution Calculation When Moving from Union to Non-Union 403(b)“An employee has been participating in our union 403(b) plan for years, but moved to non-union status in 2018 and became immediately eligible for our non-union 403(b). The definition of compensation in the non-union plan is all compensation earned during the year, even when the employee is not eligible. Do I include the compensation when the participant was eligible for the union plan or exclude the compensation earned during the time she was with the union plan?”Read more > |
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