Compliance | August 11th, 2023 DOL Opens Public Comment on SECURE 2.0 Provisions EBSA will take feedback for 60 days on defined contribution reporting requirements, PEPs and emergency savings accounts.
Data and Research | August 2nd, 2023 Nearly 90% of Jobseekers Consider 401(k) a ‘Must-Have’ Benefit Workers have continued to prioritize 401(k) saving despite inflation and market volatility, data shows.
Compliance | July 17th, 2023 IRS Gives Extra Time to Fix RMDs Made Erroneously Under SECURE 2.0 The IRS notice also allows IRA beneficiaries to not take RMDs this year from accounts inherited in 2020 or later.
Benefits | July 6th, 2023 Supreme Court Ruling Leaves Student Loan Borrowers Looking for Help Workers with student loan debt may start to feel a pinch when payments resume in October. Plan sponsors have an...
Benefits | July 3rd, 2023 AI Has Potential to Improve Plan Design, Expand Retirement Plan Access Users may not be able to rely on artificial intelligence for financial advice yet, but technological developments are already making...
Benefits | July 3rd, 2023 Equity in Plan Design Starts With Understanding Demographics, Expanding Eligibility To provide broader and more equitable access to retirement savings for all participants, plan sponsors should consider auto features, new...
Products | June 28th, 2023 Vestwell Announces Expansion of MEP and PEP Solutions In response to SECURE 2.0 permitting more flexibility for multiple and pooled employer plans, Vestwell is expanding its offerings for...
Administration | June 23rd, 2023 Industry Concerns About Roth Catch-Ups Escalate SECURE 2.0 Section 603 would require catch-up contributions made by those making more than $145,000 in wages to be made...
Compliance | June 22nd, 2023 PSNC 2023: EBSA Head Lisa Gomez Talks DOL’s Priorities The Department of Labor's assistant secretary discussed her agency's list of top projects—from retirement equity to SECURE 2.0 guidance and...
Compliance | June 15th, 2023 EBSA Says It Will Propose Fiduciary Rule in August The regulatory agenda contained several other items, such as the 401(k) lost and found, emergency savings sidecars and pooled employer...
Ask the Experts | June 13th, 2023 Could the 15-Year Catch-Up Election Enable a Pre-Tax Catch-Up Deferral Under SECURE 2.0? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Ask the Experts | June 6th, 2023 When Does a New Plan Have to Meet SECURE 2.0 Mandates? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Compliance | June 1st, 2023 Senate HELP Committee Asks DOL to Focus on 6 SECURE 2.0 Provisions Areas including emergency savings and employer ownership were identified as 2024 brings more SECURE 2.0 regulatory deadlines.
Compliance | June 1st, 2023 IRS Issues Interim EPCRS Correction Guidance Under SECURE 2.0 Plan sponsors can make additional corrections via SCP, rather than VCP, while a “reasonable amount of time” to discover an...
Administration | May 19th, 2023 Employers Discuss Why They Use Vendor Search Consultants Employers use the help of a consultant searching for employee benefit vendors, narrowly for certain tasks or pricing only and...
Data and Research | May 19th, 2023 Higher Default Auto-Escalation Rates Could Mean Fewer Opt-Outs, Voya Study Shows 401(k) plan sponsors could increase their default escalation increment to 2% to boost employee savings, according to research by Voya.
Benefits | May 17th, 2023 How Employers Can Address the Nurse Retention Problem Nurse turnover remains high, and employers can improve their overall retention by implementing benefits both old and new.
Compliance | May 17th, 2023 NAGDCA Asks for More Time on Roth Catch-Ups, Again Government plans will struggle to comply with SECURE 2.0 because of their administration requirements.
Ask the Experts | May 16th, 2023 How Does SECURE 2.0’s Start-Up Tax Credit Apply to Recently Started Plan? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Data and Research | May 10th, 2023 Retirement, Broad Financial Fallout From COVID Continues A defined contribution industry survey finds lasting financial effects to retirement plan participants.