Plan Participants
A new report reveals that individual retirement account (IRA) assets reached nearly $14 trillion in 2021, thanks in large part to rollovers from defined contribution (DC) plans.
According to The Cerulli Report — U.S. Retirement Markets 2022: The Role of Workplace Retirement Plans in the War for...
READ MORE
Tech Talk discusses to whom required minimum distributions are important.
READ MORE
The findings of a new survey suggest that plan sponsors and professionals should be proactive in providing education and advice, as most near-retirees indicate they are looking for help to maximize retirement benefits while minimizing taxes.
According to Allspring Global Investments’ 20th annual...
READ MORE
National Tax-Deferred Savings Association’s (NTSA) Executive Director Nathan Glassey testified before the Maryland Senate’s Budget and Taxation Sub-Committee on Jan. 19. Glassey joined a state union representative in opposing a bill mandating auto-enrollment for teachers and state employees in...
READ MORE
Editor’s note: This the first in a four-part series. The original appears in its entirety as the cover story of the Winter 2023 edition of Plan Consultant magazine. The digital edition of the Winter issue is available here. However, access to Plan Consultant is restricted to ASPPA members, so you’...
READ MORE
While the long-term economic impact of the pandemic remains unclear, one thing that is clear is the highest inflation in decades has forced many Americans to reevaluate their retirement saving habits.
This is according to a new survey from U.S. News & World Report’s 360 Reviews revealing that...
READ MORE
Certain tax information could be disclosed to the Maryland Small Business Retirement Savings Board to help in administering the Maryland Small Business Retirement Savings Program and Trust.
Legislation that created the state-run auto-IRA program that businesses can offer went into effect on July...
READ MORE
The Colorado Department of the Treasury on Jan. 18 announced that the Colorado SecureSavings Program is open for businesses to register with it.
The Centennial State’s state-sponsored retirement savings program for those whose employers do not offer a retirement plan is intended to provide...
READ MORE
To address the ongoing retirement savings gap, all but three states have initiated or passed legislation to set up a state-sponsored retirement savings plan (SSRP), and while early implementation efforts so far have been successful, a new report suggests there’s room for improvement.
Indeed,...
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
Why not start the New Year off with a client appreciation event?
You have probably already guessed that this client event idea is a cooking class. With money being tight for so many people, why not help encourage your clients to do some cooking at home and save a little money. There are many...
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
The pandemic years apparently ushered in a workforce cultural shift among younger workers who have set their sights on working hard now in order to retire at an earlier age.
In a study of 3,000 working Americans, experience management firm Qualtrics found that more than a third (35%) of workers...
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
This is the time of year when resolutions for the cessation of bad behaviors and the beginning of better ones are in vogue. Here are five for plan fiduciaries for 2023.
Develop a plan budget.
Most financially-focused New Year’s Resolutions focus on spending (less) or saving (more)—and the really...
READ MORE
For many years now, Congress has tried to make it easier for small businesses to offer a retirement plan, but there still has been little movement in closing the coverage gap.
With enactment of the SECURE 2.0 Act and one of its main goals to help make it easier for small businesses to offer a...
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
The IRS has issued proposed regulations on the use of electronic media to make participant elections and spousal consents. The proposed regulation generally affects sponsors and administrators of, and individuals entitled to benefits under, certain qualified retirement plans.
The proposed...
READ MORE
Capping off months of anticipation and hard work, the SECURE 2.0 Act of 2022 is now law, since the President signed the legislation Dec. 29 after it was flown down to him while on vacation in St. Croix, U.S. Virgin Islands.
The final SECURE 2.0 legislation[1] was included in Division T of the...
READ MORE
Confident about their careers and in their ability to achieve financial security, the nation’s youngest adults have a goal of retiring before they reach age 60, but that confidence comes with a few caveats, according to a new study.
Data from Northwestern Mutual's 2022 Planning & Progress...
READ MORE
Pages
Most Popular
