MFS: Sponsors Expect to Reevaluate Investment Lineups
The investment reviews will happen as plan sponsors are even less confident than are participants about employees’ ability to retire...
Tag: SECURE 2.0 Act of 2022
Industry Groups Recommend Fewer and Staggered Retirement Plan Disclosures
Retirement plan and benefit disclosures should only be given to participants if they contain actionable information, industry groups say.
Senate Takes Up Plan Startup Retirement Tax Credit Legislation
The legislation mirrors another bill in the House, which increases credits for offering retirement plans for the smallest businesses.
Many Employers Seek Help Navigating ‘Uncharted Waters’ of SECURE 2.0
Plan sponsors are searching for advisers and consultants who are highly knowledgeable about SECURE 2.0 provisions, according to a new...
Benefits |
What Adding a Fidelity Student Loan Matching Program Means for a Large Plan Sponsor
In less than a year in the program, News Corp. reports strong uptake from participants enthusiastic about repaying loans while...
Saver’s Match Could Benefit Participants and Sponsors
Implementing the Saver’s Match may benefit plan sponsors in multiple ways, finds the Collaborative for Equitable Retirement Savings.
IRS Releases Explain SECURE 2.0-Related Tax Form Changes
Participation incentives and Roth employer contributions will have to be reported as gross income.
Benefits |
Government Sponsors Say Payroll Systems Are Main Obstacle to Roth Catch-Ups
Government plans need more guidance from the IRS to address payroll-related complications that affect compliance with parts of SECURE 2.0.
Opinions |
Top Considerations for 403(b) Plans in 2024
Optional SECURE 2.0 provisions and IRS determination letters can help plan sponsors position their plans to meet participant needs.
Inherited IRA RMD Final Rules Postponed to 2025
The IRS will not enforce RMDs for inherited IRAs under the 10-year rule until at least 2025.
DOL Asks for Participant Information to Build Lost and Found Database
Plan administrators would voluntarily turn over data to DOL to help missing participants and plans find one another.
Benefits |
Lower-Paid Workers Want Emergency Savings Options
Low- and moderate-income workers understand the importance of establishing emergency savings accounts and want options, research finds.
PLESA Match Manipulation Not a Concern, Chamber of Commerce Says
Other SECURE 2.0 implementation issues are a much bigger worry.
Products |
Alera Group Unveils PEP Enhancements With the Standard
The retirement adviser is leaning into the small-plan market and startup plan creation.
Does Our Plan Fall Under SECURE 2.0’s Automatic Enrollment Requirement?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Benefits |
BlackRock CEO Says Concept of Retirement Has to Change
Annual letter to investors says, "Humanity has changed over the past 120 years. So must our conception of retirement."
Products |
The 3-Letter Plan Type You Haven’t Heard of
Defined Contribution Groups—DCGs—offer another option for sponsors seeking to simplify some administrative tasks.
Benefits |
In PEPs, Attaining Economy of Scale Is Critical, Sometimes Illusive
While the pooled plan providers, sponsors of multiple employer plans, continue to see asset inflows, for sponsors, joining a PEP...
Measure Allowing CIT Use in 403(b) Plans Advances in the House
The legislation is a first step to allowing the lower-cost investments' use in nonprofits and school retirement plans.
Benefits |
Dawn Foods Boosts Employer 401(k) Matching Contribution
Michigan-based Dawn Foods Inc. changed its contribution matching formula to increase the total and reduce participants’ confusion.