…half of them offer a retirement plan to their employees. Attend this course to understand the important role small businesses play in helping U.S. workers save for retirement; see how a plan governance process may help reduce fiduciary liability; identify plan design elements that may…
2020 was an unusually busy year … and not just for the most obvious reasons. Legislatively, the retirement savings industry was faced first with the Setting Every Community Up for Retirement Enhancement (SECURE) Act – actually signed into law on Dec. 20, 2019 — the…
The U.S. Department of Labor’s (DOL) June 18, 2020 request for information (RFI) on prohibited transactions involving Pooled Employer Plans (PEPs) is good news for plan sponsors and potential participants alike. As we wrote at the time of its passage, one of the major provisions…
It is no secret that there is a retirement savings crisis in the U.S. A 2019 Bankrate survey found that 52 percent of American workers believe they are behind their own savings goals, with 16 percent saying they were on track, 11 percent saying they…
The “Combating the Climate Crisis and Pursuing Environmental Justice” policy paper issued earlier this month by former Vice President and presumptive Democratic Presidential nominee Joe Biden and Sen. Bernie Sanders (D-VT) may not sound like something that those concerned with retirement should necessarily worry about….
While Pooled Employer Plans (PEPs) and Multiple Employer Plans (MEPs) got the lion’s share of attention last year with the passage of the SECURE Act (Setting Every Community Up for Retirement Enhancement) – and understandably so – another type of plan is also gaining traction…
Despite predictions by some that 2021 would begin with an explosion of Pooled Employer Plans (PEPs) as a result of the passage of the SECURE Act (Setting Every Community Up for Retirement Enhancement), that does not seem to be the case, so far. Certainly there…
Now that we seem to be emerging from the COVID-19 crisis – emphasis on “seem” – it is time for the retirement savings industry to begin the long process of assessing where things stand. According to a new consumer survey, things are standing a little…
Question: “When is it time to rethink your strategy?” Answer: “Always!” Self-evident? Perhaps, but a recent PwC study entitled “Retirement in America: Time to Rethink and Retool” provides some intriguing insights into where our industry stands now, and what it can do to improve the…
Introduced on June 7 by U.S. Senator John Kennedy (R-LA), the pair of bills are designed to encourage more Americans to save for their retirement, and maintain greater control over those savings. The Keeping Your Retirement Act would raise the required minimum distributions (RMD) age…
A number of bills are under consideration by the 117th U.S. Congress that could have intriguing consequences for the retirement industry. The caveat, of course, is whether any of those bills will even come to a vote, much less pass, given the fierce partisan battles…
This is a potentially exciting time for our industry, as several bills wending their respective ways through Congress may have far-ranging impacts on how people save for retirement – and how the government can help them. Of course, partisanship and the ever-present trouble with prioritizing…