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 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 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 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 ...

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 ...

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.” ...

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 ...

The PBGC says that it is taking responsibility for the plan because St. Joseph Health Services has ceased operations and is liquidating. It adds that the plan has been unable to fund the minimum ...

Early in 2024, the IRS had announced that it was postponing electronic filing of the Form 5558 through the Department of Labor's (DOL) EFAST 2 system until Jan. 1, 2025. It said the delay was due to ...

Opinion letter applications were filed with the IRS for the second remedial amendment cycle (Cycle 2) under the remedial amendment cycle system for 403 (b) pre-approved plans established under Revenue ...

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 ...