The SECURE 2.0 Act was included in a 4,155-page omnibus spending bill that passed on December 23 when President Biden signed it into law. We broke down the law in… Read more >
January 31, 2023 401(k) Plans, Defined Contribution (DC) Plans, Employee Benefits, Legislative, Regulatory, Retirement, U.S. 0 Read more >
Plan sponsors and administrators are encouraged to reference these comprehensive calendars to stay on track in 2023. Health and Retirement Plans Subject to ERISA (Includes Multiemployer Plans) Health and Welfare… Read more >
January 13, 2023 401(k) Plans, Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, Employee Benefits, Retirement, U.S. Read more >
On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act of 2022 (HR 2954), otherwise known as SECURE Act 2.0, by a vote of 414-5…. Read more >
May 26, 2022 Communication, Compliance, Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, DOL, Employee Benefits, Legislative, Public Plans, Regulatory, Retirement, U.S. Read more >
According to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2004-2018), the average defined contribution (DC) plan account balance increased from increased from $18,300 at the end of 2004 to… Read more >
February 9, 2022 401(k) Plans, Defined Contribution (DC) Plans, Employee Benefits, Financial Education, Financial Wellness, Investments, U.S. Read more >
In my years compiling benchmarking data for the International Foundation, one of the most notable trends has been the decreasing prevalence of employer-sponsored defined benefit (DB) pension plans. In the… Read more >
December 29, 2021 Communication, Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, Employee Benefits, Financial Education, Retirement, U.S. Read more >
The issue of what to do about lost or missing participants is a frustrating one for plan sponsors. These participants often have terminated participation in a plan because they took… Read more >
July 28, 2021 Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, DOL, Employee Benefits, Pensions, Retirement, U.S. Read more >
Defined contribution (DC) plans are focused on saving for retirement. But from a plan member’s perspective, what’s missing is how to effectively manage and spend these savings during retirement. In… Read more >
May 26, 2021 Canada, Defined Contribution (DC) Plans, Employee Benefits, Financial Wellness, Retirement Read more >
Federal agencies, including the Internal Revenue Service (IRS) and Department of Labor (DOL), have been busy issuing guidance on some of the more complex provisions of the Setting Every Community… Read more >
May 10, 2021 401(k) Plans, Defined Contribution (DC) Plans, Employee Benefits, Financial Wellness, Regulatory, Retirement, U.S. Read more >
The COVID-19 pandemic has had significant implications for workplaces across the world, and employers and workers have needed to make difficult decisions regarding retirement, health and paid leave benefits. A new… Read more >
May 4, 2021 Canada, Coronavirus (COVID-19), Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, Employee Assistance Program (EAP), Employee Benefits, Mental Health, Prescription Drugs, Retirement Read more >
Retirement planning is an important exercise for everyone. And when you have only a modest retirement nest egg, there is little room for error when planning for how to make… Read more >
April 15, 2021 401(k) Plans, Defined Contribution (DC) Plans, Employee Benefits, Financial Education, Financial Wellness, Retirement, U.S. Read more >