Administration | February 7th, 2024 How Sponsors Can Get the Most out of DC Plan Design Changes Annuities may be a hot topic, but sponsors can add the most value to plans by incorporating features like auto-enrollment...
Compliance | December 7th, 2023 SECURE 2.0 Corrections Drafted by Congress The bill will likely have to be added to a budget bill early in 2024 to pass.
Compliance | October 20th, 2023 Federal Auto-IRA Bill Re-Introduced The bill would have a 5% match and be administered by the Department of the Treasury.
Data and Research | August 14th, 2023 Plan Sponsors Push Toward Retirement Income, Financial Wellness Over Last Decade Plan sponsors have increased their focus on delivering expanded benefits and employee financial wellness programs in defined contribution plans, according...
Compliance | July 27th, 2023 Bipartisan Auto Reenroll Act of 2023 Introduced in Senate The proposed bill clarifies the ability of employers to automatically reenroll workers who had previously opted out of contributing to...
Benefits | June 15th, 2023 Participation Rates in 401(k) Plans Reach All-Time High Plan sponsors have driven plan participation in the last 15 years to a record high in 2022, Vanguard reports.
Ask the Experts | June 6th, 2023 When Does a New Plan Have to Meet SECURE 2.0 Mandates? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Data and Research | May 4th, 2023 Auto-Enrollment Gains in Popularity Among Retirement Plan Participants An annual American Century Investments survey revealed a major increase in acceptance and expectation of employers pushing employees to save...
Opinions | January 10th, 2023 Time for SECURE 3.0 America has a retirement crisis, and SECURE 2.0 takes some important steps to address it, but they are not enough.
Compliance | January 9th, 2023 Plan Creation in a Post-SECURE 2.0 World SECURE 2.0 creates new tax credits and requires automatic features that will shape plan creation going forward.
Administration | December 30th, 2022 Plan Design Features ‘Moving the Needle’ for Workers’ Retirement Re-enrollment and auto-sweeps can result in greater savings rates.
Data and Research | September 9th, 2022 GAO Report Reviews Retirement Security Efforts Outside the US A longer window for workers to opt out of contributing to a retirement plan can harm participation, the research shows....
Data and Research | July 26th, 2022 Mega DC Plans Nudge Workers to Increase Savings The 50 largest Northern Trust Asset Management plan sponsors are using auto-escalation to boost savings, but they are not focused...
Data and Research | July 18th, 2022 401(k) Participation is High, But Few Contribute Up To IRS Limit Gen Z women surpass the men in accumulated retirement savings with higher account balances on average, says a new report.
Data and Research | June 7th, 2022 Americans Kept Saving in 2021 Vanguard's annual report credits measures such as automatic escalation for helping to keep participants saving through COVID-19.
Ask the Experts | May 24th, 2022 At What Rate Should Rehires Be Auto-Enrolled Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Data and Research | May 3rd, 2019 Plan Design Progression Leading to Higher Retirement Savings Participation rates were nearly 96% higher for plans—a difference of 40 percentage points—with auto enrollment; the usage of auto escalation...
Participants | March 26th, 2019 Shorter Employee Tenure Demands Progressive Plan Design A worker’s tenure plays into his eligibility to join and his level of engagement with retirement plans, and for this...
Data and Research | March 21st, 2019 Nearly Half of State and Local Government Employees Approve of Auto-Enrollment If they were automatically enrolled into a defined contribution plan, 77% say they would remain in the plan.
Compliance | January 2nd, 2018 House Bill Seeks Retirement Plan ‘Simplification and Enhancement’ Alongside numerous changes, the bill seeks to eliminate the current 10% cap on automatically-increased deferral rates of employees who are...