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There are plenty of people who don’t claim Social Security benefits “on time”—some do so “early,” and some “late.” In MarketBeat, John Iekel writes about a paper that suggests that it could be a good thing to adjust the way in which adjustments for early retirement and delayed retirement are made. READ MORE
Tech Talk addresses whether an employer can continue to make contributions on behalf of a deceased employee in a 403(b) plan. READ MORE
The American Retirement Association (ARA) in a May 25 comment letter has made recommendations to the IRS concerning the proposed required minimum distributions (RMD) regulations issued in February 2022, including that the IRS delay the effective date of the regulations when they are in final form... READ MORE
In an opening bid by the Senate, the chair and ranking Republican of the Senate Health, Education, Labor and Pensions Committee have released a discussion draft of legislation that builds off the House-passed SECURE Act 2.0 legislation.  Sens. Patty Murray (D-WA) and Richard Burr (R-NC) on May 26... READ MORE
The CalSavers Retirement Savings Board and New Mexico State Treasurer’s Office have announced that they are seeking service providers for aspects of their operations in providing retirement plan coverage to employees in their states whose employers do not.  CalSavers The CalSavers Retirement... READ MORE
Where have you worked, for how long, and how much have you contributed to the 403(b) plan? These are all the questions that make up the puzzle pieces necessary to compute each participant’s available 403(b) catch-up. Participants in a 403(b) plan can make an additional contribution once they have... READ MORE
Sens. Todd Young (R-IN) and Cory Booker (D-NJ) have introduced legislation that they say would “facilitate convenient and affordable access to workplace emergency savings accounts, improving financial security and reducing retirement savings leakage.” According to the bill’s sponsors, the... READ MORE
The Congressional Research Service (CRS) has updated its periodic report on the finances of the Social Security system to account for the current and projected inflation rates. It further offers some insight into how finances and factors behind Social Security expenditures may affect benefits and... READ MORE
The IRS in a May 23 edition of Employee Plan News provides a comprehensive discussion of the impact of missing a deadline for restating a pre-approved 401(a) or 403(b) plan and how such a situation can be handled.  To maintain a plan’s status as a pre-approved plan and retain uninterrupted... READ MORE
The IRS in a May 23 edition of Employee Plan News provides a comprehensive discussion of the impact of missing a deadline for restating a pre-approved 401(a) or 403(b) plan and how such a situation can be handled.  To maintain a plan’s status as a pre-approved plan and retain uninterrupted... READ MORE
A growing awareness of their potential longer life is changing Americans’ expectations, attitudes and preparations, writes Ted Godbout in MarketBeat. He discusses a study that examines the changing definition of retirement, the patterns of people’s experience in retirement and the keys to thriving... READ MORE
Tech Talk discusses what surrender fees are and how they work. READ MORE
A bill is before the Alaska House of Representatives that would expand options for some participants in the state teachers’ retirement system. HB 220, introduced by Rep. Grier Hopkins (D-Goldstream), includes provisions that would give teachers in Alaska the ability to choose between the defined... READ MORE
While the Great Resignation may have lost a bit of its novelty, it certainly is not slowing down young professionals from evaluating their next career move, including the employer benefits that are most meaningful to them.  According to Fidelity’s 2022 Career Assessment Survey, 6 in 10 young... READ MORE
The graduates of 2022—well, they’ve been through a lot, arguably more than most—but with any luck at all, the days and years ahead will be brighter.  Life has many lessons to teach us, some more painful than others—and some we’d just as soon be spared. Regardless, if you have a graduate—or if you... READ MORE
The law firm of Schlichter Bogard & Denton has a new target in an excessive fee suit—the plan’s investment advisor. More specifically, plaintiffs Michelle Mills, Coy Sarell, Chad Westover, Brent Aleshire, Barbara Kershner, Paula Schaub, and Jennifer Silva—who just two months ago filed suit[1] ... READ MORE
“Saving is the No. 1 priority,” says Robert Kaplan, the American Retirement Association’s Director of Technical Education. Kaplan made his comments during a recent webcast that highlighted tax credits and deductions relevant to retirement saving, as well as proposals intended to increase it.  ... READ MORE
The American Retirement Association is strongly opposed to legislation moving through Congress that would prohibit arbitration of claims and discretionary clauses in all ERISA covered retirement plans.  “On behalf of the over 30,000 members of the American Retirement Association (ARA), we hereby... READ MORE
In the wake of the SEC announcing a $6 billion securities fraud deal against Allianz Global Investors U.S. LLC (AGI U.S.), the firm off-loaded most of its U.S. investment management business as part of the terms of the deal.    The SEC announced May 17 that it had charged AGI U.S. and three former... READ MORE
As businesses contend with geopolitical issues, interest rate hikes and a shifting labor force, improving the employee experience is key for retention, the findings in a new report suggest.  Consequently, the significant role employee benefits play is more important than ever, according to the... READ MORE

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