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Building on last year’s Tax Cuts and Jobs Act (TCJA), House Ways and Means Committee Chairman Kevin Brady (R-TX) has released a preview of Tax Reform 2.0 – and it contains retirement-related provisions.
On Sept. 6, Brady released three one-page previews of the second round of tax cuts initiative...
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Americans continued to save for retirement through their DC plans, with most maintaining their assets allocations even as stock values edged down during the early part of the year.
In the first quarter of 2018, 5.1% of DC plan participants changed the asset allocation of their account balances,...
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Single premium pension buy-outs remained strong in the second quarter of 2018, says a recent report, marking more than four years in which sales exceeded $1 billion in each quarter.The LIMRA Secure Retirement Institute reports that in the second quarter of 2018, pension buy-outs were greater than $...
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Labor Day, the annual national tribute to the contributions workers have made to our country, is observed in the United States on the first Monday in September. ASPPA Connect will not appear on Labor Day; to note the event, following are some facts concerning its establishment. ASPPA Connect will...
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The retirement industry is all abuzz about President Trump’s appearance in Charlotte Aug. 31 – and about what might be the subject of that executive order “strengthening retirement security in America.”
While it’s just speculation at this point, published reports have focused on the prospect of...
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President Donald Trump will sign an executive order on retirement security at a public appearance in Charlotte, NC on Friday, Aug. 31.The White House announced the appearance Aug. 28. Published reports note that at around 2:00 p.m., President Trump is scheduled to go to Central Piedmont Community...
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Finding missing participants serves a plan and employer well for a variety of reasons. But that doesn’t mean it’s an easy process — nor one made as clear by federal guidance as some may wish. A recent column suggests some best practices for performing this function.
In “Make Sure You Take...
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It is not unusual to delegate or even outsource functions investment committees commonly perform. But taking that step doesn’t mean washing the hands of all involvement with governance. A recent blog post makes suggestions regarding what can be done to continue to monitor and exercise active...
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Hybrid plans have proliferated and employer contributions to them have increased, says a recent report.More precisely, from 2015 to 2016, there was a 15% increase in the number of cash balance plans — also known as “hybrid” plans — which combine the high contribution limits of traditional defined...
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Most people view automatic enrollment in a 401(k) as a good thing1 – but apparently it has a heretofore unappreciated “dark” side.At least that was the focus of a headline in a recent Wall Street Journal article (subscription required) that asked (and answered) the provocative question: “401(k) or...
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