Let’s face it, SECURE 2.0 has a LOT of good, interesting — and potentially complicated options. But there are some that AREN’T optional, like the requirement that new plans adopted after the signing ...
The Tax Cuts and Jobs Act (TCJA) of 2017 is set to expire at the end of 2025. During 2025, Republican-controlled government will likely pursue extensions of those cuts and may look to the ...
The IRS on Dec. 5 issued the 2024 required amendments (RA) list for qualified plans and 403 (b)s. The list is contained in Notice 2024-82.
The PSN is an independent, recordkeeper-led utility founded by BET billionaire Robert Johnson. It utilizes the Retirement Clearinghouse (RCH) technology to build a nationwide digital hub connecting ...
The legislation will provide parity between 401 (k) and 403 (b) plans by allowing 403 (b) plan participants to choose from a wider array of funds, including CITs that they may be able to invest in ...
The Pension Benefit Guaranty Corporation (PBGC) on Dec. 4 issued a final rule that amends its Privacy Act regulation to exempt a system of records that supports law enforcement investigations through ...
The GAO report also cited guidance from the Employee Benefits Security Administration (EBSA). In March 2022, EBSA issued guidance that encourages plan fiduciaries to exercise extreme care before they ...
Specifically, the study found that opting out of automatic enrollment and escalation; the propensity to save absent automatic features; and losing unvested employer contributions and cashing out an ...
What’s more, nearly a third (32%) say the biggest challenge in managing their retirement withdrawals is understanding all the options available. Additional challenges include planning for health care ...
Be creative. Hoying remarked at the session offering tips and strategies that models are emerging regarding how different services affect different industries; McKay, at the best practices session ...
Kodak will begin selling illiquid assets in the Kodak Retirement Income Plan (KRIP) and has instructed its pension committee to “take actions appropriate to position KRIP for a potential termination.” ...
Participants. Panelists evinced a belief that the ability to have income during retirement is a good thing for participants. “It’s in the best interest of participants,” said Faustino. Sclafani ...