| | Benefits & Administration | | The U.S. Census Bureau’s Current Population Survey (CPS) miscounted the amount of Americans participating in employer-sponsored retirement plans, according to the Employee Benefit Research Institute (EBRI). Two years ago, the CPS underwent a major redesign of its questions pertaining to income, which seems to have led to inaccuracies in reporting, EBRI argues. “Unless modifications are made to the survey, using CPS for estimating the participation in pension and other retirement plans will provide misleading and inaccurate estimates and conclusions,” warns Craig Copeland, senior research associate at EBRI.Read more > | | Certain 401(k) Plan Design Features Hinder Retirement Outcomes | | The GAO suggests regulators re-evaluate eligibility age requirements, vesting policies and whether to allow plan sponsors to require employment on the last day of the year to receive company match.Read more > |
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