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May 18th, 2018 |
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Hearing Witnesses Urge Passage of Proposed Retirement Plan LegislationThis week, retirement industry sources testified before the House Subcommittee on Health, Employment, Labor, and Pensions, seeking to move forward proposed retirement plan legislation. The hearing focused on four bipartisan proposals that would amend the Employee Retirement Income Security Act (ERISA) to better meet the retirement plan needs of employees and employers with businesses large and small: the Increasing Access to a Secure Retirement Act of 2017, the Retirement Plan Modernization Act, the Retirement Security for American Workers Act, and the Receiving Electronic Statements to Improve Retiree Earnings Act. While witnesses expressed their support for these proposals, some also urged legislators to move forward on the Retirement Enhancement and Savings Act of 2018 (RESA).Read more > |
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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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LIMRA SRI: Preventing Brain Drain Should Be a Retirement Plan GoalAs skilled Baby Boomer employees begin to reach the traditional retirement age, employers need to examine their policies and procedures to address the potential loss of talented and experienced workers.Read more > | Recent Dip in Average Fidelity Account Balance Belies Long-Term TrendAverage individual 401(k), 403(b) and IRA account balances increased year-over-year, according to the latest cut of data from Fidelity’s book of retirement business, but the average dipped slightly from Q4 2017, reflecting market volatility and the fact that new small-balance savers entered the fold.Read more > | Cutting Public Pension Benefits Would Hurt the EconomyThe impact of investment of assets plus spending of pension checks by retirees in 2016 yielded a $1.3 trillion contribution to the economy and $277.6 billion to state and local revenues, according to research from the National Conference on Public Employee Retirement Systems (NCPERS).Read more > | Written Financial Plans Empower Employees’ Economic Future“The idea that financial planning and wealth management are just for millionaires is one of the biggest misconceptions among Americans, and one of the most damaging,” warns Joe Vietri, senior vice president and head of Charles Schwab’s retail branch network.Read more > | Centurion Group Offers Financial Wellness Program for Plan SponsorsWhat sets Centurion’s service apart is its focus on analyzing benefits spend and helping plan sponsors find the money to offer financial wellness to employees.Read more > | Break From the Grind: Top Baby Names in 2017Each year, the Social Security Administration issues a listing of the top baby names for the prior year based on parents’ applications for Social Security numbers. Emma and Liam are America’s most popular baby names for 2017. This marks the first time Liam has bested the boys, beating Noah for the top spot, and the fourth straight year for Emma. Oliver and Evelyn broke into the top 10 in 2017.Read more > |
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