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In January, Andrew Biggs, a Senior Fellow at the American Enterprise Institute known for his contrarian retirement takes and criticism of financial media sensationalism, was nominated to the Social Security Advisory Board. In MarketBeat, John Sullivan writes that some thought it was a sign of... READ MORE
On Jan. 30, the final rule titled “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights” — a.k.a. the “ESG rule” — became effective. American Retirement Association CEO Brian Graff recently sat down with the Employee Benefits Security Administration’s Tim Hauser to... READ MORE
Tech Talk discusses what an IRS determination letter is and when the IRS issues one. READ MORE
There’s no one silver bullet likely to close the nation’s retirement plan coverage gap — but the target is pretty easy to spot, writes Nevin E. Adams, JD, in MarketBeat. He continues that the nation’s retirement plan access coverage gap is almost exclusively found among small businesses, and it’s... READ MORE
Comparisons between public- and private-sector benefits are understandable; indeed, such comparisons are often a large factor in employment decisions. But the variety and types of employers — and workers — covered by programs that operate under the auspices of 403(b) plans are extraordinarily... READ MORE
Tech Talk discusses what a “closing agreement” is in the context of an arrangement between the IRS and a taxpayer. READ MORE
When asked how long people typically live in retirement, more than half of adult Americans were unable to answer the question correctly in an annual survey, writes Ted Godbout in MarketBeat. He continues that this is a crucial knowledge gap that could interfere with saving enough to last through... READ MORE
Legislation that would significantly broaden the ability of individuals to use health savings accounts (HSAs) has been introduced in the House of Representatives.   Rep. Andy Biggs (R-AZ) on Jan. 9 introduced the Freedom for Families Act (H.R. 107), which would increase the annual contribution... READ MORE
Tech Talk discusses what exactly an IRS letter ruling is.  READ MORE
There’s nothing like a global pandemic to fuel interest in, if not the need for, emergency savings, writes Nevin Adams in MarketBeat. Indeed, he continues, there are a half dozen provisions in the new SECURE 2.0 designed to make it easier for workers to tap into their retirement savings — two aimed... READ MORE
Tech Talk discusses to whom required minimum distributions are important. READ MORE
It is a growing club that no one wants to join: the club of companies that became victims of cyberterrorism. In MarketBeat, Alison J. Cohen writes that it is often not a question of “if” a company will be attacked, but “when,” and that her firm is being asked what one should do about that. READ MORE
Tech Talk discusses the rules governing 457 plan written documents. READ MORE
Employers looking to differentiate themselves and their benefit offerings — particularly in a tight labor market — continue to rely on nonqualified deferred compensation (NQDC) plans to make their benefits package more competitive, according to the latest survey of nonqualified plans by the Plan... READ MORE
Below is a table providing descriptions and effective dates for the key provisions contained in the SECURE 2.0 Act of 2022, which was enacted Dec. 29, 2022, as part of the Consolidated Appropriations Act, 2023 (P.L. 117-328). Dec. 29, 2022, will now serve as the date of enactment (DOE), where... READ MORE
Tech Talk discusses the various types of fees plan service providers charge for different services. READ MORE
A 2022 survey once again highlighted a consistent regret among American workers, writes Nevin E. Adams, JD in MarketBeat. He continues that according to the survey by American Century Investments, they wish they had saved more for retirement. READ MORE
Amid a year filled with economic turmoil and a holiday season racking up credit card bills, Americans considering financial resolutions in the New Year are in good company, a new study suggests.   When looking back on 2022, nearly 9 in 10 (88%) Americans acknowledge room for improvement in their... READ MORE
Tech Talk discusses service providers that sponsors of 403(b) plans may hire to handle one or more aspects of managing the plan. READ MORE
It’s ironic that programs designed to provide retirement income pay so little attention to the realization of that objective, writes Nevin E. Adams, JD in MarketBeat. Still, he continues, some have said that this could be the year for retirement income — a combination of new offerings, volatile... READ MORE

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