Administration | August 28th, 2023 Extension on Catch-Up Contribution Requirement Comes as Relief to Plan Sponsors The IRS announced last week that plan sponsors have an additional two years to implement the mandatory Roth catch-up provision...
Benefits | August 23rd, 2023 Iowa, Idaho, and Montana Rank Best For Access to Retirement Plans in the Workplace Florida, Georgia, and Rhode Island rank lowest, according to analysis from the Economic Innovation Group.
Benefits | August 21st, 2023 Capital Group Offering Benartzi’s PensionPlus to TDF Holders The free retirement paycheck management tool will be offered to participants invested in American Fund retirement TDFs.
Products | August 18th, 2023 Spouting Rock Launches Rebranded, Independent Retirement Entity Spouting Rock Financial Partners debuted a new retirement-focused division.
Compliance | August 16th, 2023 DOL Sues 401(k) Plan, Fiduciary for Abandoning Plan The Department of Labor claims a payroll services and HR outsourcing company has effectively barred participants from accessing accounts and...
Compliance | August 16th, 2023 DOL Sues SIMPLE IRA, Health Plan Fiduciaries for Misappropriation of Funds The Department of Labor claims a New Jersey electrical contractor misappropriated employees’ retirement plan contributions and ended employer contributions to...
Data and Research | August 8th, 2023 Hardship Withdrawals Rose 36% Year-Over-Year in Q2 Bank of America participant analysis shows more employees prioritizing short-term expenses over long-term saving.
Data and Research | August 2nd, 2023 Nearly 90% of Jobseekers Consider 401(k) a ‘Must-Have’ Benefit Workers have continued to prioritize 401(k) saving despite inflation and market volatility, data shows.
Data and Research | July 20th, 2023 State Auto-IRA Programs Motivate Firms to Create 401(k) Accounts, Research Shows The adoption of state auto-IRA programs has proven to be a catalyst for more companies in those states to offer...
Data and Research | July 7th, 2023 Gen Xers Profess Low Retirement Confidence, Concerns About Guaranteed Income As many in the generation worry they cannot rely on Social Security or a pension for lifetime income, Gen Xers...
Administration | July 5th, 2023 Salas O’Brien Plans to Address Pay, Workplace and Retirement Benefits Salas O’Brien has plotted changes to compensation and workplace benefits, with Lucas Hellmer as the new director of benefits and...
Participants | July 5th, 2023 PSNC 2023: Boosting Participant Engagement By implementing automatic features, using targeted communications and speaking to participants on a personal level, plan sponsors will be more...
Deals and People | June 30th, 2023 Retirement Industry People Moves T. Rowe Price names new head of global distribution; Bank of America announces Korkow president of Omaha; Northern Trust appoints...
Investing | June 29th, 2023 Fidelity to Convert More Than $13B of Mutual Funds to ETFs The Fidelity small cap enhanced index fund was included in nearly 100 defined contribution plans, according to Form 5500 filings....
Administration | June 28th, 2023 PSNC 2023: Addressing In-Plan Annuity Reluctance Employers are reluctant to incorporate annuities in-plan because they don’t feel the best options have come to market yet.
Products | June 28th, 2023 Vestwell Announces Expansion of MEP and PEP Solutions In response to SECURE 2.0 permitting more flexibility for multiple and pooled employer plans, Vestwell is expanding its offerings for...
Compliance | June 7th, 2023 Financial Services Company CoreLogic Targeted in ERISA Suit The lawsuit seeks to recover retirement plan losses due to alleged mismanagement of CoreLogic’s 401(k) retirement plan.
Benefits | May 30th, 2023 Employers Plan to Cut Back on Benefits Amid Recession Fears 25% of HR leaders said they are cutting back on employee financial benefits to prepare for a recession, a Morgan...
Data and Research | May 23rd, 2023 Finance, Health Care Workers Are Top Retirement Contributors Workers employed in finance and health care industries were responsible for contributing the bulk of defined contribution retirement plan assets...
Ask the Experts | May 23rd, 2023 Are Emergency Savings Account Deferrals Subject to Nondiscrimination Testing? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.