Benefits |
CalSavers Lowers Fees
The country’s largest state auto-IRA program cut fixed annual fees by $3 per participant and reduced asset-based fees by 10...
Tag: state-run retirement programs
Benefits |
State-Facilitated Retirement Program Growth Continues
Mississippi enacts the newest state-run program, while Tennessee lawmakers change gears, substituting a measure to have the state serve as...
Benefits |
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...
Benefits |
Maryland Officially Launches State-Run Retirement Program
Businesses will only need to update employee and payroll information, while the program handles most of the administrative duties.
Benefits |
CalSavers Tops 100,000 Enrolled Employers in Its Auto-IRA
As the California program’s enrollment climbs, private plans are also flourishing.
Benefits |
Comptroller Says MyCTSavings Is Important Part of Retirement System Framework
Employers tout the savings opportunity and administrative help the state-run program provides.
CalSavers ERISA Preemption Lawsuit Appeal Rejected by SCOTUS
The lawsuit, filed by the Howard Jarvis Taxpayers Association, unsuccessfully aimed to block CalSavers on the grounds that the federal...
CalSavers Reports Success in Boosting Retirement Savings for Employees
Its 2021 year in review report says the state-run retirement program has a steady 70% participation rate, and 95% of...
MarylandSaves State-Run Retirement Program to Launch Next Summer
The plan focuses on helping employees build emergency savings before saving for retirement.
Plaintiffs Ask Supreme Court to Take Up Case Against CalSavers
They say ERISA pre-empts the state-run retirement program, therefore invalidating it, but that argument has been previously rejected by both...
Benefits |
Small Companies’ Options for Offering a Retirement Plan Are Growing
A new generation of fintech providers is coming to market as the number of state-run plans is growing, giving small...
Paths to Salvage Participants’ Retirement Savings
With a higher percentage of full-time workers leaving their jobs, experts suggest plan sponsors and plan advisers educate employees about...
New York Secure Choice Savings Program Could Become Automatic
A proposal passed by a wide margin in the New York State Assembly would ensure that private-sector employees are automatically...
Auto-Enroll IRA Program Approved in NYC
The city council also voted to establish a retirement savings board to facilitate the implementation the retirement security program.
New Administration Backs Out of Lawsuit Against CalSavers
A new filing with the 9th U.S. Circuit Court of Appeals says the DOL no longer wants to participate in...
Colorado the Latest State to Adopt an Auto-IRA Program
Companies lacking a retirement plan will be required to offer the savings option to their employees.
DOL Tells Court CalSavers Program Is Pre-empted by ERISA
In a brief filed in the 9th U.S. Circuit Court of Appeals, the DOL argues that employer actions mandated by...
State-Run Retirement Plans Seeing Some Effects From Pandemic
Directors with state-run plans in California and Illinois discussed details of their programs and changes caused by the COVID-19 pandemic.
U.S. Argues for CalSavers ERISA Preemption in Court Filing
U.S. Attorneys have filed a Statement of the Interest of the United States in a lawsuit, offering evidence that the...
Benefits |
CalSavers State-Run Retirement Plan Opened
California’s has joined other states in actually launching an automatic IRA program, and one state’s program is already showing initial...