State Bill Would Require Multiple 403(b) Providers
For certain 403(b) plan participants at New Jersey school districts, more choices could facilitate additional retirement strategy personalization, one bill...
Tag: retirement plan legislation
Senate Legislation Calls for Automatic 401(k) Transfers
The bill would allow workers’ 401(k) accounts to be automatically rolled over from a previous employer to a new employer.
Retirement-Focused RISE & SHINE Act Clears Senate HELP Committee
Backers of the bill say it will improve retirement security by creating additional protections for workers and retirement savers at...
PSNC 2022: Washington Update
From shifting compliance deadlines to growing debate on ambitious retirement reform legislation, there is a lot happening in the nation’s...
Markup Scheduled for RISE & SHINE Act
Retirement security organizations, a nonprofit and the U.S. Chamber of Commerce have submitted comment letters on the discussion draft, which...
IRS Issues ‘Helpful’ Bulletin for Preapproved Plans
An IRS bulletin for preapproved plan sponsors warns of consequences for missing the restated adoption agreement deadline.
Senators to Propose Retirement Bill Tackling Emergency Savings
Murray and Barr bill would address retirement and emergency savings.
Retirement Bill Eyeing ERISA Arbitration Ban Stirs Strong Reaction
The largest U.S. business lobbyist opposes bill banning discretionary clauses.
New Retirement Bill Amending ERISA Introduced in Congress
Fiduciary breach claims are likely to spike—and win—if the two-pronged legislation is passed.
Securing a Strong Retirement Act Easily Passes House Vote
Supporters say the ambitious legislation package would expand retirement plan coverage and deliver benefits to relieve anxiety about having secure...
Capitol Hill Puts Focus on Retirement Security Legislation
The house will hold a committee hearing focused on improving Americans’ retirement savings and investing opportunities and vote on the...
Bill Would Bar U.S. Institutional Investors From Russia
The bill cites vulnerable pension and participant retirement fund exposure to Russia assets.
Lawmakers Unveil Multiemployer Pension Rescue Tracker
The website keeps tabs of multiemployer plans that have received the Pension Benefit Guaranty Corporation’s special financial assistance.
Auto Re-enroll Bill Seeks to Improve Workers’ Long-Term Financial Stability
The bill would encourage plan sponsors to re-enroll nonparticipants at least once every three years.
Reasons Not to Use Pension Funding Relief
Using funding relief to lower contributions to DB plans can increase PBGC premiums and get those plan sponsors that are...
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage
Among other things, the RISE Act would encourage retirement savings by allowing plan sponsors to offer small financial incentives to...
IRS Issue Snapshot Reflects Changes to Hardship Withdrawal Rules
Though the document addresses changes for 401(k) plans, all but one of them applies to 403(b) plans as well.
Who’s Still Working for You?: American Retirement Association
In a series of articles, PLANSPONSOR is checking in with industry groups to see what work they have done, and...
Lawmakers Introduce Legislation to Establish Portable Retirement Accounts
The legislation is designed to provide a retirement savings vehicle for people who don’t have access to one, but in...
PBGC Addresses Multiemployer Plan SFA Applications Received Before Final Rule
The agency is accepting applications before a final rule is published and says any changes will not reduce the amount...