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The Pension Benefit Guaranty Corporation (PBGC) is seeking approval from the Office of Management and Budget (OMB) to extend the collection of information concerning regulations related to multiemployer pension plans. Absent the extension, OMB approval will end on Nov. 30, 2018.The PBGC wants the...
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If you thought all the fiduciary rule litigation was over, think again.
Turns out that litigation pending in the U.S. District Court for the District of Minnesota is still, well — pending.
The case – Thrivent Financial for Lutherans initially brought suit challenging a requirement contained in the...
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If you thought all the fiduciary rule litigation was over, think again.
Turns out that litigation pending in the U.S. District Court for the District of Minnesota is still, well — pending.
The case – Thrivent Financial for Lutherans initially brought suit challenging a requirement contained in the...
READ MORE
As we celebrate the Declaration that marks the birth of this nation, it seems a good time to reflect on some lessons from that experience that hold true even today.
Inertia is a powerful force.
By the time the Second Continental Congress convened, the “shot heard round the world” had already been...
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New research reveals that many 401(k) plan participants still do not know what to do with their proverbial “pile of money” at retirement and need guidance.
Findings from “The Cerulli Edge ? U.S. Retirement Edition, 2Q 2018 Issue” show that participants aren’t always clear on what they should do...
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In the four decades since ERISA was passed into law, millions of Americans have entered and retired from the workforce. Plan designs of many shapes and sizes have come into being. Defined benefit plans dominated, then faded, after 401(k)s sprung out of an obscure section of the Internal Revenue...
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Participants must be informed. Law and regulation says so. But beyond the letter of the law, what is the best way to get to the goal of facilitating participants’ financial stability and well-being during retirement? A recent paper argues that financial literacy, and not the length and relative...
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OregonSaves, the state-run auto-IRA program for private-sector workers in Oregon, marked its first anniversary on July 1. The pilot for the program was launched on July 1, 2017.
The Oregon Retirement Savings Board (ORSB), reports that since then:
The program has since completed the first two...
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Ascensus announced July 3 that it is acquiring INTAC Actuarial Services, Inc. (INTAC). The New Jersey-based TPA will become part of Ascensus’ expanding TPA Solutions Division.
INTAC, based in Ridgewood, NJ, works with approximately 3,000 small to mid-sized plans, as well as business owners, key...
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The Pension Benefit Guaranty Corporation (PBGC) has announced that it is changing the way provides relief when a disaster happens. The PBGC often grants relief from certain obligations and deadlines when disasters occur.Previously, the PBGC granted relief through stand-alone announcements each time...
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