Retirement

The Multiemployer Retirement Plan Landscape: 10 DC Plan Takeaways

The Multiemployer Retirement Plan Landscape: 10 DC Plan Takeaways

Justin Held, CEBS
 

According to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2003-2017), the average defined contribution (DC) plan account balance increased significantly from 2003 to 2017, growing to $43,500 while aggregate disbursements also grew. The increase in disbursements—coupled with a lack of growth […]

The Multiemployer Retirement Plan Landscape: 10 DB Plan Takeaways

The Multiemployer Retirement Plan Landscape: 10 DB Plan Takeaways

Justin Held, CEBS
 

According to the most recent data from The Multiemployer Retirement Plan Landscape: A Fifteen-Year Look (2003-2017), demographic trends in multiemployer plans have become less favorable as the number of actively working participants have decreased relative to the number of inactive and retired […]

Retirement Plan Changes in the Face of the COVID-19 Pandemic

Retirement Plan Changes in the Face of the COVID-19 Pandemic

Justin Held, CEBS
 

The COVID-19 pandemic has had dramatic implications for workplace retirement programs in Canada. Volatile market conditions have organizations and individuals reviewing their financial options. At the same time, these conditions have led to interruptions in employment as employers contemplate early retirement offerings, hiring freezes, […]

Retirement Plan Changes in the Face of the COVID-19 Pandemic

Retirement Plan Changes in the Face of the COVID-19 Pandemic

Justin Held, CEBS
 

The COVID-19 pandemic has had dramatic implications for workplace retirement programs. Volatile market conditions have organizations and individuals reviewing their financial options. At the same time, these conditions have led to interruptions in employment, as employers contemplate and implement furloughs, hiring freezes, […]

Plan Sponsors Providing More Benefit Options Thanks to CARES Act Provisions

Plan Sponsors Providing More Benefit Options Thanks to CARES Act Provisions

Kelli Kolsrud, CEBS
 

Business closures and curtailments due to the coronavirus pandemic have left many organizations and individuals struggling financially. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted on March 27, 2020 with the goal of providing quick financial relief to citizens […]

Steps Plan Sponsors Should Take to Implement the Families First Act and the Cares Act

Steps Plan Sponsors Should Take to Implement the Families First Act and the CARES Act

The Families First Coronavirus Response Act (Families First Act or FFCRA) and the Coronavirus Aid, Relief, an Economic Security (CARES) Act have brought a wide range of changes to employee benefit plans, including changes to health care coverage, retirement plans and leave […]