PGIM DC Leader Urges Aggressive Plan Design, Sponsor Courage
Drawing insights from across the entire Prudential Financial organization, Josh Cohen, PGIM head of defined contribution, offers some sobering statistics...
Tag: Retirement New Legislation
Would a Retirement Plan Mandate Mirror Affordable Care Act Fight?
“I really like the idea of promoting default-driven plans, and the evidence is abundantly clear that automatic retirement plans can...
Avoid Inadvertently Defaulting Participant Plan Loans Post Tax Cuts
Following the GOP tax cuts, plan sponsors may wish to coordinate administration of their loan offset rollover rules with their...
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...
CalPERS’ Ongoing Push Into ESG Drives a Healthy Debate
The debate started when the American Council for Capital Formation published a sharply written report alleging that, as the group...
GOP Tax Cut Package Takes Final Shape
The House GOP majority adopted a unified version of the Tax Cuts and Jobs Act Tuesday afternoon; they may have...
Retirement Industry Enthusiasm for New Approaches in 2018
Two retirement industry thought leaders reflect on the year that was; both agree there is a tremendous opportunity to drive...
Mercer Expects Retirement Plans to Fare Well in Tax Reform
However, employers will likely have some difficulty in knowing how to handle the January 1, 2018, effective date that has...
Democratic Lawmakers Urge Quick Passage of Butch Lewis Act
House and Senate Democrats warned that, if nothing is done, many of the more than 200 multiemployer plans in the...
Government and Nonprofit Plans Spared in Senate Tax Bill
At this interim juncture it seems that essentially all of the changes to 457(b) and 403(b) plans that were being...
Senate Approves Own Version of Tax Reform Okayed By House
Each having passed their own version of the bill, the House and Senate now enter the conference committee phase, during...
House Bill Seeks Expansion of Open MEPs, Aggressive Plan Designs
Among other adjustments viewed as vital to the expansion of open multiple employer plans, the bill would remove the “one...
Experts Push for Sponsor Courage When Offering In-Plan Lifetime Income
DOL leadership has stated explicitly that investments with lifetime income elements can be a prudent investment option in DC plans,...
Lawmakers Rethink Changes to Deferred Compensation
Following the earliest stages of debate, both the House and the Senate seem to have backed away from major changes...
Tax Reform Proposal Includes Important Changes for Plan Sponsors
The GOP tax reform proposal leaves 401(k) deferrals alone, but there are other significant reforms in the package that would...
Retirement Account Deferrals Protected in GOP Tax Proposal
Early interpretation of the 500 page tax legislation released by majority Republicans suggests the treatment of retirement account salary deferrals...
Retirement Tax Reform Discussion with Senior Senate Staffer
“In terms of the legislative agenda going forward, there is definitely a discussion of a pivot to tax reform,” said...
Sanctions Bill Affects Retirement Plans
Groom Law Group attorneys say they have seen an increase in the number of pension plans that have faced possible...
Michigan Governor Signs Teacher Pension Plan Reform
The bill creates a new 401(k)-style defined contribution plan with an automatic employer contribution of 4% of the employee’s salary.
Attorney Describes What Makes a Good ESOP Candidate
One experienced benefits attorney says he has seen employee stock ownership plans do a whole lot of good for a...