Auto Default Contributions Hit High of 4.1% Among Fidelity Participants
The recordkeeper also found retirement saving balances rebounding with stronger market performance in Q2.
Tag: 403b
SECURE 2.0: What’s Not to Like? Nothing, Apparently.
It is becoming harder and harder to find a party who offers anything other than support for SECURE 2.0.
403(b) Plans May Apply for IRS Determination Letters Starting Next June
The IRS will provide determination and termination letters to 403(b) plans beginning next June.
Wilmington Trust Launches CIT Onboarding Tool
The tool for employer-sponsored plans seeks ‘democratization’ of the use of collective investment trusts.
Social Security Fears Drive Early Benefit Claims
Schroders finds that almost half of workers surveyed have no strategy to generate retirement income.
SEC Secures Sizable Settlement From Equitable Financial
According to an SEC announcement, Equitable gave investors the false impression that their quarterly account statements listed all fees paid...
Hopes Are High for Lame-Duck Passage of SECURE 2.0
One retirement industry policy expert says the conversations she is having on Capitol Hill make her optimistic that the ambitious...
401(k) vs. 403(b): Different Paths to Retirement Readiness
Studies find differences in 403(b) and 401(k) plan design and participant behavior, but both plan types are increasing in importance...
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New TPA to Focus on 403(b), 457 Education & Service
The TPA will give sponsors a platform where they can centralize these functions.
SECURE Act 2.0 Passed Unanimously by Ways and Means Committee
A rare unanimous affirmative voice vote by the Ways and Means Committee allows the SECURE Act 2.0 to be considered...
UPenn Agrees to $13M 403(b) Plan Lawsuit Settlement
The newly published text of the settlement agreement and accompanying order include significant non-monetary actions to be undertaken by UPenn.
UPenn Will Settle ERISA Fiduciary Breach Lawsuit
The filing of a stay motion related to a forthcoming settlement represents the beginning of the end for the complicated...
IRS Publishes Guidance for Terminating 403(b) Plans
In tandem with the Treasury Department, the IRS is also requesting comments on the application of annuity and spousal rights...
Reaching K-12 403(b) Plan Participants During the Pandemic
School districts will find that advisers who normally camp out in the cafeteria or teachers’ lounge are striving to continue...
2019 PLANSPONSOR Defined Contribution Survey Open
Sponsors of defined contribution (DC) plans are invited to respond to our annual DC Survey. The survey is our largest...
Judge Rules to Dismiss Georgetown University 403(b) ERISA Lawsuit
The colorfully worded opinion chides plaintiffs for failing to acknowledge the unique character of 403(b) retirement plans—including their common use...
District Court Soundly Dismisses Washington University 403(b) Lawsuit
The court holds that bundling services or revenue sharing are common and acceptable investment industry practices that frequently inure to...
Plan Sponsors Stepping Up Their Auto Enrollment Game
The percentage of employers that default participants at a 6% deferral rate or higher more than doubled in the past...
Northwestern University Prevails in ERISA 403(b) Challenge
Underscoring the victory for Northwestern University and potentially giving some hope to other similarly positioned defendants, all pending motions were...
Wisconsin Private Colleges Unite Retirement Plans in ‘403(b) MEP’
The Wisconsin Association of Independent Colleges and Universities announced a partnership with Transamerica to create a 403(b) multiple employer retirement...