ERISA

The Multiemployer Retirement Plan Landscape Report: DC Key Findings

Cathe Gooding, CEBS
 

The overall health of multiemployer defined contribution (DC) retirement plans improved from 2020 to 2021. The average account balance for a participant in a median multiemployer DC plan increased from $46,100 at the end of 2019 to $52,800 at the end of 2021, […]

Plan Sponsors Can Self-Correct Some Violations of ERISA—Here’s Where to Start 

Jenny Gartman, CEBS
 

The Voluntary Fiduciary Correction Program (VFCP) encourages employers and plan sponsors to voluntarily correct certain violations of the Employee Retirement Income Security Act (ERISA). For certain categories of eligible transactions, the Department of Labor (DOL) Employee Benefits Security Administration (EBSA) intends for […]

Fiduciary Basics for Governmental Plans

Amanda Wilke, CEBS
 

Plan sponsors have a responsibility to protect the interests of employee and retiree participants in their benefit plans. Government plan sponsors for 457 and 401(a) defined contribution (DC) retirement plans should be aware of fiduciary basics and the latest trends to protect […]