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The seeds have been sown for a retirement income crisis, says a former U.S. Senator, and the time to act is now.
“We face a looming retirement crisis that will impact millions of elderly and soon-to-be elderly Americans, as well as our children and grandchildren who will have to bail out those...
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The IRS has updated its frequently asked questions (FAQs) page for employers adopting pre-approved retirement plans.
Among the recent additions to the FAQs is a reminder that April 30, 2020, is the deadline to adopt a pre-approved defined benefit plan restated for items on the 2012 Cumulative List...
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A recent study analyzing common language used to describe features of defined contribution plans reveals an apparent disconnect between what plan sponsors are saying and what participants are hearing.
As part of the study, Invesco, along with Maslansky + Partners, conducted participant focus...
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We recently celebrated Valentine’s Day; perhaps you saw one of those increasingly ubiquitous advertisements for a certain online florist.
Now, I’ve used that particular service on many an occasion over the past several years; they are not only convenient, they deliver a quality product, and on...
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Plan loan features in DC plans can encourage workers to participate in the plan. But the rules governing plan loans can be complicated, and mistakes can be made. A recent ASPPA webcast offered a look at common plan loan mistakes and how to correct them, using case studies to illustrate.
In “St....
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A new report by the Government Accountability Office calls on federal regulators to clarity the rules regarding the transfers of unclaimed savings from employer-based 401(k) plans to the states.
In “Federal Action Needed to Clarify Tax Treatment of Unclaimed 401(k) Plan Savings Transferred to...
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Social Security, the “third rail” of retirement financing, offers more than meets the eye. It also provides auxiliary benefits — dependent benefits and survivors benefits — to the spouses, former spouses, widow(er)s, children and parents of retired, disabled or deceased workers. A recently updated...
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The ratification of the 22nd amendment in 1951 may limit U.S. Presidents’ tenure, but that doesn’t mean their influence over a host of areas ends when their terms of office do. And that includes retirement readiness.
In “How 5 U.S. Presidents Continue to Influence Your Retirement Readiness Today...
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Two key members of Congress are interested in learning more about potential threats cyberattacks pose to the U.S. retirement system and what industry stakeholders are doing to address them.
In a Feb. 12 letter to the U.S. Government Accountability Office (GAO), Sen. Patty Murray (D-WA), ranking...
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The Oregon Treasury on Feb. 16 filed a notice of proposed rulemaking, including a statement of need and fiscal impact, for a rule that would amend OregonSaves to allow a presumption of employer exemption.
The proposed amendments would:
Allow OregonSaves officials to use the federal Form 5500...
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