Ask the Experts | September 10th, 2024 Do Corrections Differ Between Missed Elective and Missed Auto-Enrollment Deferrals? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Data and Research | June 24th, 2024 Vanguard: Auto-Enrollment Continues to Boost Savings, Deferral Rates Because of the power of automatic enrollment, 401(k) plans with less than 90% participation rates are ‘now in the minority.’
Benefits | April 15th, 2024 Lower-Paid Workers Want Emergency Savings Options Low- and moderate-income workers understand the importance of establishing emergency savings accounts and want options, research finds.
Ask the Experts | April 2nd, 2024 Does Our Plan Fall Under SECURE 2.0’s Automatic Enrollment Requirement? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Benefits | April 1st, 2024 With Limited Resources, Managing 403(b) Plans in Higher Ed Brings Unique Challenges As higher education plan sponsors often work with small benefits staffs and oversee diverse pools of employees, administering a retirement...
Benefits | April 1st, 2024 403(b) Participation Rates Reach Record Highs, but Savings Results ‘Still Not Great’ For 403(b) plan sponsors, automatic enrollment helps employees build retirement security, but participation is only half the task facing many,...
Benefits | March 26th, 2024 BlackRock CEO Says Concept of Retirement Has to Change Annual letter to investors says, "Humanity has changed over the past 120 years. So must our conception of retirement."
Compliance | February 20th, 2024 Comments Challenge IRS Interpretation of Automatic Features, Roth Matching, Other Provisions The IRS December grab bag notice provisions on de minimis incentives and terminally ill distributions also received some pushback from...
Data and Research | February 20th, 2024 Motivating Faculty, Staff to Save for Retirement Is Top Concern for Higher Ed Plan Sponsors Plan sponsors at higher education institutions expressed concerns over their participants’ retirement readiness, but many do not measure the performance...
Data and Research | February 7th, 2024 Gen Z Outpaces Previous Generations in Retirement Savings The youngest generation in the workforce has saved almost three times the amount Gen X households had saved in defined...
Compliance | February 1st, 2024 Federal Thrift Savings Plan Reports Record Match Qualifiers, Total Assets The plan’s matching rate is 5%, and the TSP increased the automatic enrollment contribution to 5% of income in 2020.
Compliance | January 24th, 2024 SECURE 2.0 Will Help Young Savers the Most, Research Shows Automatic features and the saver’s match will bring more security to those currently in their 30s than those in their...
Compliance | December 28th, 2023 IRS Grab Bag Notice Provides Guidance on Several SECURE 2.0 Items Regulator offers clarification on automatic features, start-up credits and Roth employer contributions.
Data and Research | December 21st, 2023 403(b) Plans Reach Record Participation Rates in 2022 While participation in 401(k) plans dropped in 2022, 403(b) plans saw increased participation rates, according to the Plan Sponsor Council...
Administration | December 14th, 2023 NY Governor Signs Bill to Allow Auto-Enrollment of NYC Board of Education Employees New and existing employees will be automatically enrolled into the pension plan beginning late next year.
Benefits | October 26th, 2023 Despite Savings Shortfall for Public Sector Workers, Automatic Options Yet to Catch On Research from the MissionSquare Research Institute shows that with defined benefit pensions not providing enough for full retirement, plan design...
Products | October 2nd, 2023 Guideline Launches Starter 401(k) Plan The plan provider aims to gain greater market share of retirement 401(k) plans and has debuted a starter product for...
Data and Research | September 11th, 2023 Gender Inequality in Retirement Savings Persists Women have continued to take workforce pauses at significantly higher rates than men and have greater concerns about outliving their...
Data and Research | August 17th, 2023 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.
Data and Research | August 2nd, 2023 Retirement Savings Gap Widens Further Between High, Low-Income Employees High-income households increasingly hold larger retirement account balances than lower income households and are more likely to reap tax perks...