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...
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...
Compliance | June 27th, 2023 PSNC 2023: Cybersecurity Best Practices for Plan Sponsors Experts note the importance of participant education and reviewing insurance held by vendors.
Data and Research | June 1st, 2023 Young Adult Retirement Confidence Linked to Worries About Uncertain Future This generation’s outlook on climate change, social injustice and political turmoil can very much affect how young adults feel about...
Data and Research | May 19th, 2023 Higher Default Auto-Escalation Rates Could Mean Fewer Opt-Outs, Voya Study Shows 401(k) plan sponsors could increase their default escalation increment to 2% to boost employee savings, according to research by Voya.
Data and Research | April 6th, 2023 DC Plan Sponsors Increased Focus on Cutting Fees, Protecting Against Litigation in 2022 Callan’s Defined Contribution Trends Survey revealed that plan sponsors had increased interest in DEI efforts and eliminating fees in 2022.
Compliance | April 5th, 2023 Everything You Need to Know About Maryland Saves The state-managed auto-IRA program launched in September 2022 and should cross $1 million in AUM in the coming days.
Benefits | March 15th, 2023 Companies Offer Immediate Eligibility for Retirement Deferrals to Attract Workers A Vanguard Group research paper quantified employer retirement plan design trends over the last 10 years.
Data and Research | February 6th, 2023 Retirement Account Balances Dipped 20% in 2022, Trading Lowest in 20 Years Despite economic challenges, plan participants were resilient saving for retirement, Vanguard Group data shows.
Ask the Experts | January 31st, 2023 Does the SECURE 2.0 Act Make 403(b) Plans More Like 401(k) Plans? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Compliance | December 22nd, 2022 With SECURE 2.0 Through The Senate, Retirement Experts Widely Endorse House Approval Legislation gets wide acclaim as a positive reform in the retirement sector as passage hinges on House vote.
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....
Ask the Experts | August 30th, 2022 How Do We Treat Rehires in an Auto-Enrolled 403(b) Plan? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Administration | August 22nd, 2022 Plan Progress Webinar: Plan Design Considerations to Boost Outcomes Experts suggest plan sponsors pair automatic features with multichannel education and emphasize to workers that they should save for retirement...
Administration | August 17th, 2022 Persistent Myths About Automatic Features Hurt Retirement Savers Misunderstandings, mistakes and myths concerning auto-features persist among plan sponsors, argues a senior retirement strategist at Capital Group.