Compliance | December 29th, 2022 403(b) Plans Will Continue to Act More Like 401(k)s with SECURE 2.0 Changes Plan sponsors offering 403(b) plans may be able to operate them more like 401(k)s after SECURE 2.0, according to experts.
Participants | 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...
Participants | May 24th, 2021 How to Get Participants to Really Think Twice About Early Withdrawals Educating participants and offering them guidance on rollovers can substantially reduce loans, hardship withdrawals and cash-outs, experts say.
Products | April 9th, 2020 OneAmerica Forgives Hardship Withdrawal Fees The recordkeeper is making the move in response to the CARES Act.
Products | April 9th, 2020 Securian Removes COVID-19 and Hardship Withdrawal Fees The firm is also offering free fiduciary and wellness services.
Compliance | December 5th, 2019 Most 401(k)s Embrace New Hardship Rules According to PSCA, relatively few sponsors have seen participants taking out excess hardship withdrawals.
Administration | November 8th, 2019 Ways to Combat Pervasive Leakage The Savings Preservation Working Group says that at least 33% and as many as 47% of plan participants withdraw part...
Data and Research | May 3rd, 2019 GAO Reviews Retirement Savings Leakage The GAO interviewed retirement plan stakeholders and found several ways to stem the tide of funds leaving 401(k)s and IRAs.
Data and Research | May 17th, 2018 Commitment to 401(k) Investing Remains Strong A mere 2.7% of Americans stopped contributing to their defined contribution plan in 2017, the ICI reports.
Data and Research | February 22nd, 2018 2017 Was a Good Year for DC Plan Metrics ICI recordkeeper data shows that in the first nine months of 2017, the amount of participants contributing or taking a...