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December 18th, 2015 |
Cash-Outs, Loan Defaults Hurt Retirement Savings“Premature distributions, cash-outs of retirement accounts, and defaults on loans are major sources of DC asset leakage and were responsible for outflows of nearly $81 billion in 2014,” states Shaan Duggal, research analyst at Cerulli Associates. “Limiting these leaks is of the utmost importance to participants and the retirement industry.”Read more > |
Top Action Points for DC Plans in 2016Mercer suggests top questions defined contribution (DC) plan sponsors should ask about their retirement plans going into 2016.Read more > |
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ASK THE EXPERTS
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| At times, employers can find it impossible to contact retirement plan participants who remain part of the plan but no longer work for the employer. What steps should be taken when locating missing participants in qualified plans?Read more > |
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| More Firms Outsource Benefit FunctionsThe top two challenges facing benefits departments, by a wide margin are compliance with benefits laws and regulations (73%) and rising health care costs (52%).Read more > | Fed Hike Has Little Impact on Plan SponsorsFor the first time since 2006, the Federal Reserve has raised interest rates at its quarterly meeting, after much anticipation and nail-biting. But sources say the quarter-percentage point increase won’t make much difference to most investors.Read more > | Sponsored message from MetLifeLooking for alternatives for your defined contribution retirement plan?
Visit the Stable Value Educational Hub.Read more > | Gifts from Service ProvidersGifts from service providers are problems for plan committee members.Read more > | Budget Deal Will Not Delay Fiduciary Rule ProcessCongress reached an agreement on a budget deal that did not include riders that would have changed the process of the Department of Labor’s proposal to change the definition of fiduciary advice under the Employee Retirement Income Security Act (ERISA).Read more > | Form 5500 Will Dig Deeper into ComplianceThe big news on Form 5500, according to Linda Fisher, principal of Linda T. Fisher Form 5500 Consulting in Chicago, and Form 5500 fangirl, are the new compliance questions for the 2015 plan year.Read more > | Employers Doing More for Holidays This YearWorkers responding to CareerBuilder’s annual holiday survey shared the most unusual gifts they’ve received from a co-worker during the holiday season.Read more > | | David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice. |
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