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Employers helping to facilitate employees’ financial wellness is becoming more widespread. The benefits of this for employees is obvious, but a session at the recent Plan Sponsor Council of America Annual Conference held in Scottsdale, AZ offered another take: it can be good for an employer’s...
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One of the most vocal critics of the Labor Department’s fiduciary rule is leaving the Securities and Exchange Commission — with a mammoth advice proposal out for public comment.
SEC Commissioner Michael Piwowar announced May 7 that he intends to step down from the SEC on July 7, after serving...
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As anticipated, the Department of Labor (DOL) has extended until further notice its temporary enforcement policy relating to its rule defining who is a fiduciary and the associated prohibited transaction exemptions.
In Field Assistance Bulletin 2018-02, the DOL advised that based on questions...
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The deadline by which employers in Oregon with 50-99 employees are to register with OregonSaves, the first of the state-run retirement IRA programs for private sector workers to come online, is fast approaching.
These employers, the second wave Oregon employers to be required to register with...
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Is a glass half empty or half full? It can depend on one’s perspective. And in the case of how well retirement plans – and those saving through them – are doing, it also can depend on the data one gathers and considers. And how one interprets it.
In a May 1 session at the Plan Sponsor Council of...
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Like a plucky girl from Kansas, retirement plan professionals must face challenges of varying severity on the yellow brick road to retirement security. An expert panel at a May 1 session of the Plan Sponsor Council of America (PSCA) Annual Conference in Scottsdale, AZ discussed ways retirement...
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Americans continue to feel better about their retirement prospects, especially if they are healthy, have a defined contribution plan — or are already retired!
This according to the 28th annual Retirement Confidence Survey from the non-partisan Employee Benefit Research Institute (EBRI). The survey...
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June 10 through June 12, 2018, the all-new ARA Women in Retirement Conference (WiRC) will be held in Burlington, VT at the Hilton hotel. This conference will be a gathering of some of the best, brightest and most innovative women business owners and managers in the retirement plan service industry...
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Communicating with participants is bread and butter stuff – a reminder that in the end, benefits administration is about real people. Benefits administrators from two employers in a May 1 session of the Plan Sponsor Council of America’s annual conference in Scottsdale, AZ shared their experiences...
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Rules for fiduciaries – and what the term itself even means – figured prominently in a May 2 session of the Plan Sponsor Council of America Annual Conference in Scottsdale, AZ. An expert panel offered their take on the rule (rules?), the fate of such guidance and what it all means.
Sharing their...
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With Twitter-length brevity, the 5th Circuit has dispensed with attempts by AARP and three states to step into the fight over the future of the DOL’s fiduciary rule.
The 5th Circuit invalidated the rule on March 15, holding that the Department of Labor lacked authority to promulgate it, reasoning...
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Future retirees expect to receive significantly more in benefits than what they actually will receive, setting themselves up for potential financial difficulties in retirement, new survey results show.
According to the Nationwide Retirement Institute’s 5th annual consumer Social Security survey,...
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The National Tax-Deferred Savings Association (NTSA) and the American Retirement Association are pleased to announce the publication of Best Practices for 403(b) and 457(b) Plans.
The manual is designed to provide employers, consultants, distributors, product providers and TPAs with the...
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A panel of experts at the Plan Sponsor Council of America’s (PSCA) annual conference in Scottsdale, AZ, on May 1 offered their take on some of the critical issues and uncertainties facing retirement plans, plan sponsors and the professionals who serve them, as well as the influence of the federal...
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It is a question that has puzzled philosophers and scientists for centuries: which came first – the chicken or the egg? Similarly, an updated version of a classic survey of retirement confidence finds some interesting attributes among those who are more confident about their prospects – but are...
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How do you increase retirement security for 80 million 401(k) account owners?
By making electronic delivery of 401(k) plan information the default method for communicating with plan participants. This has the potential to significantly improve the retirement security of millions of Americans...
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Leading ERISA legal minds believe the Securities and Exchange Commission’s proposals to establish new standards of conduct for broker-dealers (BDs) and investment advisers (IAs) still need a lot of work.The SEC on April 18 voted 4-1 to release for public comment two new rules and one new piece of...
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My schedule – and aversion to crowds – means that I rarely see a new movie the first weekend it comes out (a rare exception – Avengers: Infinity War).While this means that there are times when I’m the only one in the office the following Monday who hasn’t seen the latest blockbuster (and thus can’t...
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If you’re a young Millennial, can you imagine what you and the world will be like when you’re 80? To get a better sense, a new study examines how the largest generation in the current U.S. workforce envisions progress over the next 50 years.Being at the center of changes being driven by technology...
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Private-sector defined benefit plans made “significant” funding improvements in 2017, say recent studies. But the good news doesn’t stop there.
Milliman, in its 2018 Corporate Pension Funding Study, bases its findings on an analysis of the financial disclosures of the 100 largest corporate DB plan...
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