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Big plans may have more assets (and larger fees), but new data suggests that there’s more promise in focusing sales efforts on small and mid-sized plans.
Those conclusions – from the 2018 Retirement Planscape, an annual Cogent Reports study by Market Strategies International-Morpace – said that...
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Building on the tax cuts enacted last year as part of the Tax Cuts and Jobs Act, Rep. Kevin Brady (R-TX), Chairman of the House Ways & Means Committee, released a "Tax Reform 2.0" framework July 24 that he plans to push this fall.
The two-page outline includes three main components: make the...
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The PBGC announced July 23 that the agency has changed its mailing addresses for premium payments and correspondence. The changes are effective immediately; see the updated Premium Filing Payment & Instructions page on the PBGC’s website for the new addresses.
The PBGC also announced...
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Having lost on claims of violating their fiduciary duty of prudence in failing to disclose sales practices that led to a drop in stock value in the firm’s 401(k) plan, plaintiffs got another shot regarding claims that Wells Fargo violated their duty of loyalty to plan participants.
The ruling comes...
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Which adds up to more retirement income: working 6 months longer or saving 1% more for 30 years?
Well, although the assumptions can impact the outcome, a new research paper, “The Power of Working Longer” claims that postponing retirement makes a significantly bigger difference.
What are those...
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After many years of advocacy by the American Retirement Association’s Government Affairs Committee, the IRS has released final regulations allowing for the use of forfeitures to fund QNECs and QMACs.
In doing so, the IRS has corrected what the Government Affairs Committee believed to be an...
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The Small Business Employees Retirement Enhancement Act, introduced July 17 by Sen. Tom Cotton (R-AR), includes provisions regarding multiple employer plans (MEPs), a type of employee benefit plan that can be maintained as a single plan in which two or more unrelated employers participate – a...
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In Part 1 of this three-part series, I reviewed a recent Wall Street Journal (WSJ) article that suggested today’s retirees are less prepared than prior generations as well as other articles that suggested tens of millions of older Americans will soon live in poverty. The 401k was named as a culprit...
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Two Republican and two Democratic senators have introduced a package of bills that would make “needed reforms” to improve retirement and economic security for individuals and families.
Citing reports that nearly half of American families do not have any retirement savings and more than a third of...
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A recent report suggests that participants are “clueless” about decumulation. And who can blame them?
Actually, the issue is perhaps more basic than a decumulation strategy. The report – by Cerulli Associates – based that conclusion on a survey that merely asked 401(k) investors who were at least...
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