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December 15th, 2017

Bill Would Require Employers To Automatically Enroll Workers

Representative Richard Neal, D-Massachusetts, recently introduced the Automatic Retirement Plan Act of 2017, which would require employers to have a retirement plan, either a 401(k) or 403(b) plan, and automatically enroll participants into the plan.Read more >

EBSA Nominee Rutledge Advances Through Senate Help Committee

Preston Rutledge seems to be enjoying relatively little opposition as he moves closer to becoming the Assistant Secretary of Labor for the Employee Benefits Security Administration—a key position in the federal government tasked with enforcing the Employee Retirement Income Security Act (ERISA).Read more >
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts

Legislators Reintroduce RETIRE Act to Congress

U.S. House Representative Jared Polis, D-Colorado, and Representative Phil Roe, R-Tennessee, reintroduced the Receiving Electronic Statements to Improve Retiree Earnings (RETIRE) Act. The bill would allow retirement plan sponsors to automatically default participants into receiving plan documents and statements online.Read more >

Work in Retirement Could Be an Elusive Goal for Many

Data shows that only 20% of people 65 and older were in the workforce in 2016, yet 56% of workers plan to continue to work, at least part-time, in retirement due to inadequate savings, the Transamerica Center for Retirement Studies found.Read more >

MetLife Finds Move Away From Money Market Funds in DC Plans

One year after the U.S. Securities and Exchange Commission’s (SEC)’s money market fund (MMF) reform rules went into effect, there has been meaningful movement away from money market funds as a capital preservation option in defined contribution (DC) plans, with just over half of plan sponsors now offering money market as a capital preservation option (52%), down from 62% in 2015, according to MetLife’s 2017 Stable Value Study. A total of 241 plan sponsor interviews were completed among plan sponsors who offer a 401(k) 457, or 403(b) plan.Read more >

Segal Group Offers Reporting and Disclosure Calendars

The Segal Group has published 2018 Reporting & Disclosure Calendars for multiemployer and single-employer benefit plans. The calendars summarize the annual compliance requirements and disclosure obligations that retirement and health plan sponsors need to know. The content in these calendars may cause plan sponsors to consider their current approaches, Segal says.Read more >

Vanguard Launches Retirement Plan Comparison Tool

Vanguard just launched a new interactive Retirement Plan Comparison Tool, powered by Vanguard’s How America Saves data. It allows users to instantly benchmark their own plan metrics against Vanguard’s nearly 2,000 recordkept plans—and identify opportunities for changes and improvements.Read more >

Break From the Grind: Senior Managers Aren’t Perfect

In a survey from staffing firm OfficeTeam, senior managers were asked to recount their most embarrassing moments at work.Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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