Compliance | June 24th, 2022 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...
Compliance | June 16th, 2022 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.
Compliance | June 14th, 2022 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...
Compliance | June 14th, 2022 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...
Compliance | June 7th, 2022 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...
Compliance | June 2nd, 2022 IRS Issues ‘Helpful’ Bulletin for Preapproved Plans An IRS bulletin for preapproved plan sponsors warns of consequences for missing the restated adoption agreement deadline.
Compliance | May 27th, 2022 Senators to Propose Retirement Bill Tackling Emergency Savings Murray and Barr bill would address retirement and emergency savings.
Compliance | May 24th, 2022 Retirement Bill Eyeing ERISA Arbitration Ban Stirs Strong Reaction The largest U.S. business lobbyist opposes bill banning discretionary clauses.
Compliance | May 23rd, 2022 New Retirement Bill Amending ERISA Introduced in Congress Fiduciary breach claims are likely to spike—and win—if the two-pronged legislation is passed.
Compliance | March 30th, 2022 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...
Compliance | March 28th, 2022 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...
Compliance | March 7th, 2022 Bill Would Bar U.S. Institutional Investors From Russia The bill cites vulnerable pension and participant retirement fund exposure to Russia assets.
Compliance | March 2nd, 2022 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.
Compliance | February 22nd, 2022 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.
Administration | November 29th, 2021 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...
Compliance | November 19th, 2021 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...
Compliance | November 2nd, 2021 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.
Deals and People | October 18th, 2021 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...
Compliance | September 23rd, 2021 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...
Compliance | September 22nd, 2021 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...