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December 15th, 2017 |
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ASK THE EXPERTS
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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
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Legislators Reintroduce RETIRE Act to CongressU.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 ManyData 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 PlansOne 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 CalendarsThe 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 ToolVanguard 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 PerfectIn a survey from staffing firm OfficeTeam, senior managers were asked to recount their most embarrassing moments at work.Read more > |
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