Skip to main content

You are here

Advertisement

News Archive

The Garden State is one step closer to becoming the latest to create a state-run employment plan for private-sector employees whose employers do not offer a retirement plan. The New Jersey Assembly on Dec. 17 passed a bill that would establish such a system. In a 52-24 vote, the Assembly approved... READ MORE
“Cash is king” may not be fully true when it comes to finding the perfect job, as a newly published survey shows that Americans favor workplace benefits over extra salary. An AICPA survey of 2,026 U.S. adults, among whom 1,115 were employed, suggests that employers need to be ready to show... READ MORE
Many argue that retirement plan participation is not where it should be. And some warn that not only is it far below what’s needed, it’s also getting worse. But the American Enterprise Institute’s (AEI) Andrew Biggs is not one of them. Biggs,  a resident scholar at AEI and former principal deputy... READ MORE
There are many challenges facing plan sponsors, and in a recent blog entry Christopher Carosa has identified the top challenges of which they are not aware. Understanding the Extent of Legal Liability “The eye cannot be on two balls at once,” writes Carosa, noting that most plan sponsors “stay... READ MORE
The on-cycle filing deadline for third cycle pre-approved defined contribution plans ends Dec. 31, 2018. The IRS issued a reminder about the upcoming deadline on Dec. 14. The IRS encourages filers to red line all changes made since the pre-approved second cycle plan document. The IRS also reminds... READ MORE
The Pension Benefit Guaranty Corporation (PBGC) has made its Comprehensive Premium Filing Instructions for 2019 Plan Years available. The new instructions reflect the 2019 premium rates, as well as minor changes to reflect the PBGC’s streamlined disaster relief policy. They also provide information... READ MORE
The American Retirement Association (ARA), in a Dec. 12 letter to Joe Canary, Director of the Office of Regulations and Interpretations of the DOL’s Employee Benefits Security Administration, has suggested steps the agency can take to improve retirement security. The ARA sent the letter as part of... READ MORE
Employees increasingly are looking to their employers for help with managing their student loan debt, but there are several issues employers should consider in advance, according to industry experts. In a new Employee Benefit Research Institute issue brief summarizing a web briefing — “Student... READ MORE
It’s always unpleasant when a TPA gets a call or a letter from the Department of Labor (DOL) about an investigation of a client’s qualified plan. What should a TPA do? As a first step, a TPA should notify its client about the inquiry from the DOL, so that the client can, if desired, relay that... READ MORE
For all the buzz around financial wellness, a new survey suggests there is a long way to go. These days there’s not much argument against the premise behind pursuing financial wellness. The notion is that bad financial health contributes to (and/or causes) a bevy of workplace woes: stress, which... READ MORE
Single-premium pension buy-outs broke $6 billion in the third quarter of 2018, says a recent report, less than in the second quarter but still the second highest third quarter sales figure in the last 15 years. The LIMRA Secure Retirement Institute reports that in the third quarter of 2018, pension... READ MORE
The American Retirement Association (ARA) in a Dec. 11 letter to Acting IRS Commissioner David Horton has made suggestions regarding the Employee Plans Compliance Resolution System (EPCRS). Namely, the ARA has suggested that the IRS provide additional examples of “significant” and “insignificant”... READ MORE
The Pension Benefit Guaranty Corporation (PBGC) on Dec. 12 issued a final rule amending its regulation on allocation of assets in single-employer plans by substituting a new table for determining expected retirement ages for participants in pension plans undergoing distress or involuntary... READ MORE
After seeing their earlier proposal come under attack, House Republican leaders have revised their end-of-year tax and retirement savings legislative package, and carried forward key provisions from the Retirement Enhancement and Savings Act (RESA). Beyond that, the revised package seeks to... READ MORE
As the 401(k) commemorates its 40th anniversary, new research finds a record-setting pace for retirement plan savings. According to the 61stAnnual Survey of Profit Sharing and 401(k) Plans from the Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), employers... READ MORE
Dec. 31 is the deadline for most retirees who must make required minimum distributions (RMDs) from 401(k), 403(b) and 457(b) and other retirement plans and IRAs. The IRS has issued a reminder, which applies to many retirees born before July 1, 1948, regarding the looming deadline in IR-2018-248.... READ MORE
Managing participant data effectively is efficient, but it’s also more than that. Recent blog entries argue that it also provides a way to meet fiduciary responsibilities and address the problem of missing participants — if not obviate it in the first place. It’s not hard to get into that position... READ MORE
Will the 115th Congress act on a broad tax and retirement savings package before adjourning? It looks like we’ll have to wait a little longer to find out. Following the memorial events following the death of President George H.W. Bush, lawmakers approved a two-week funding extension on Dec. 6 to... READ MORE
As you probably know, the 5th U.S. Circuit Court of Appeals threw out the Department of Labor’s (DOL) Fiduciary Rule. While the decision left no doubt, the consequences are not well understood. To grasp the full impact of the court’s decision, it’s important to distinguish between non-... READ MORE
The IRS has issued the required amendments (RA) list for qualified retirement plans for 2018. The IRS made the announcement — and said that there are no entries listing changes in qualification requirements on the 2018 RA List — in Notice 2018-91. Section 5 of Revenue Procedure 2016-37, 2016-29 I.R... READ MORE

Pages