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December 5th, 2017

Senate Approves Own Version of Tax Reform

Each having passed their own version of the bill, the House and Senate now enter the conference committee phase, during which key legislators will attempt to craft a unified version of the Tax Cuts and Jobs Act. A few things seem clear so far, including that retirement plans are largely left alone by both bills. Read more >

Combination of Auto Features Improves Retirement Savings

Automatic enrollment is used by the majority, 60%, of all retirement plans, according to the Defined Contribution Institutional Investment Association’s (DCIIA’s) report, “DCIIA Fourth Biennial Plan Sponsor Survey: Auto Features Continue to Grow in Popularity.” Among plans with both automatic enrollment and escalation, 70% have participants saving 10% of more. Read more >

Recession Has Prompted Millennials to Be Financially Conservative

Having come of age when the Great Recession of 2008 broke, Millennials are taking a conservative and proactive approach to their finances, according to the latest Merrill Edge Report. Asked what they expect to rely on for financial security, 71% of Millennials said their 401(k) account. By comparison, 54% of Baby Boomers said a pension and 50%, Social Security. Read more >
ASK THE EXPERTS
Post-Termination Contributions for Employee Receiving Severance Pay
“We have an employee who has been here for many years whom we are forced to terminate since we are phasing out his entire department. However, we want to reward him for his lengthy service and valuable contributions. We are proving him with severance, but we understand that we cannot make contributions to the 403(b) plan based on that severance pay. But, could we make post-termination contributions under the 403(b) rules that allows for employer contributions following termination of employment?” Read more >


OneAmerica Grows Coverage in Selected Regions with Three Appointments

OneAmerica is reinforcing its presence in the Midwest with the appointments of David Benjamin, Dan Runser and Daniel Haber to the retirement sales central region. Read more >

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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