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Consumers tend to worry about “high-touch” products, such as credit cards and bank accounts, more than they worry about long-term savings accounts, such as their workplace retirement plans and IRAs, a new study warns.
Nearly 80% of American consumers are concerned about financial fraud, according...
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The IRS has issued a new version of Publication 575, “Pension and Annuity Income” for use in 2018 reporting.
Publication 575 discusses the tax treatment of distributions received from pension and annuity plans and also shows how to report the income on a federal income tax return. How these...
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The IRS has updated the content in its 401(k) Plan Fix-It Guide that addresses what to do when hardship distributions were not made properly.
The IRS makes recommendations regarding how to find and correct a mistake in providing hardship distributions.
How to Find the Mistake
Review your plan...
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The 100 largest corporate pension plans’ funded status improved in the first month of 2019, Milliman reports.
In a recent analysis, Milliman says that its Milliman 100 Pension Funding Index shows that the funding of the 100 largest corporate pension plans improved by $19 billion in January. That...
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The IRS has issued a new version of Publication 560, “Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans)" for use in 2018 reporting.
In addition to information about filing, Publication 560 contains information on the following:
what type of plan to set up;
how to set up a...
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Fee litigation trends and disclosure requirements have compelled plan sponsors to focus on how recordkeeping fees are allocated to participants, but beyond ERISA’s general fiduciary requirements, there is limited legal guidance, explains a new white paper.
Under the Department of Labor’s fee...
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The 2019 Eastern Regional Conference will be held at the Doubletree Center City Hotel in Philadelphia on Thursday, May 9 and Friday, May 10. One of only two live regional conferences to be sponsored by ASPPA in 2019, the Eastern Regional Conference has been designed to educate retirement plan...
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Having a retirement plan and a commitment to facilitating employees’ saving for their retirement is important. But the good that accomplishes can be blunted if the employer and the plan administrators don’t communicate about the plan effectively.
In “Effectively Communicating Your Retirement Plan...
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It is customary when sharing (or reading) the portents of a survey to focus on the actions that respondents say they have, or will undertake. But what about the things they say they will not do?
Human beings gravitate toward “norms,” of course. Plan sponsors, certainly those conscious of the...
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Clients’ expectations have changed. And that is in part explained, and fueled by, technology. In a Jan. 29 session of the NTSA 30th Anniversary Summit in Tampa, FL, Lincoln Investment Vice President of Branch Development Tom Lakatos offered his insights on this development.
Lakatos was definitive...
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