Participants/Clients Tools
Is a longevity annuity an option at any age? What exactly makes an annuity a longevity annuity? And will longevity annuities be provided for inside the 401(k) platform, or are they an option outside the 401(k)? In Tech Talk, Ellie Lowder answers all these questions.
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The great majority of people face financial stresses of some kind, and that includes retirees. A recent article takes a look at some of the key challenges they face and their impact on retirement benefits.In “Retirees at Risk: Five Key Challenges Retirees Face and the Impact on Their Retirement...
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There will be a 0.3% cost-of-living adjustment (COLA) for Social Security for 2017, the Social Security Administration (SSA) announced on Oct. 18.The COLA is based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2014 through the third quarter of 2016. The slight...
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The 2017 403(b) Masters Summit, to be held Jan. 25-27, 2017 in Carefree, Ariz., features an agenda planned by fellow NTSA members to help make the most of the new frontier and the opportunities it offers. The agenda includes four unique, progressive modules:
Fiduciary NOW! Why Not?
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The Department of Labor (DOL) may have left open a door for commission-based retirement investment advice in its fiduciary regulation, but a major broker-dealer has decided to take a pass.Last week Merrill Lynch announced that it would no longer give retirement savers the option of paying a...
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Ten years ago, the Pension Protection Act of 2006 (PPA) cleared a barrier for some defined contribution retirement plans to offer an automatic enrollment feature. But the PPA left intact state law barriers if a DC plan was not subject to ERISA. In MarketBeat, Linda Segal Blinn discusses how state...
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Your client has a Roth IRA and a Roth 403(b) whose plan document accepts rollovers into the plan. He wishes to roll over his Roth IRA to the Roth 403(b) so as to increase the amount available for loans. In Tech Talk, Ellie Lowder tells us whether he can do that.
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A new survey suggests that worrying about retirement is keeping many Americans awake at night — but who’s more likely to be counting sheep? Savers or Non-Savers?Well, it turns out that while 61% of active savers are losing sleep over retirement, fewer than half (49%) of non-savers are in that camp...
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Employer-provided retirement benefits in general are holding steady, according to the Society of Human Resource Management (SHRM). In “2016 Employee Benefits: Looking Back at 20 Years of Employee Benefits Offerings in the U.S.,” SHRM reports that some aspects of employer-provided retirement...
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Top leadership at the Department of Labor (DOL) has indicated that the department will not bend on its fiduciary rule, but then again, it may. Bad cop, good cop?Not entirely. Secretary of Labor Tom Perez and Assistant Secretary of Labor for the Employee Benefits Security Administration (EBSA)...
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As the first-time-ever Prototype/Volume Submitter 403(b) approvals approach, it may be necessary to include counting hours for adjunct professors in a plan’s operations manual, in order to protect the employer in the event of an audit. In MarketBeat, Susan Diehl provides a brief explanation of the...
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Special pay features became popular among 403(b) plans after EGTRRA enabled 403(b) sponsors to make employer nonelective contributions to the 403(b) account of a former employee. In MarketBeat, Linda Segal Blinn argues that as is often the case, the devil can be in the details and discusses how the...
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“Data security is a team sport.” That’s how FIS Chief Risk Officer Greg Montana summed up cybersecurity efforts at a June 20 session of the SPARK National Conference held in Washington, DC. The panel included not only experts from the private sector, but also Deputy Assistant Secretary for...
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Look for a bill to be introduced in Congress next month that some have called “auto-IRA on steroids.”At the recent Aspen Institute Financial Security Program (FSP) commemorating the 10th anniversary of the Pension Protection Act, Rep. Joe Crowley (D-N.Y.), Vice Chair of the House Democratic Caucus...
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U.S. Senators Elizabeth Warren (D-Mass.) and Steve Daines (R-Mont.) have teamed up to introduce legislation that would create a federal lost and found designed to help stem leakage from retirement accounts.According to its sponsors, the bill uses the data employers are already required to report to...
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The Senate Special Committee on Aging held a hearing on June 15 to examine ways to leverage prizes and technology to influence savings behavior.The hearing featured testimony from Transamerica Center for Retirement Studies President Catherine Collinson that focused on a new research report...
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Last week, House Republicans released the first of six documents detailing their policy agenda, a portion of which included recommendations to “build retirement security through the private retirement system.” The most notable aspect of the report, however — a blueprint from the Task Force on...
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The head of one of the world’s largest asset managers is calling for a mandate of retirement savings.In what was described as an “open letter to Congress,” Ron O’Hanley, president and chief executive officer of State Street Global Advisors (SSgA), which has about $2.4 trillion in assets under...
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If you want cola in Minnesota, you won’t get any (it’s called “pop” there) — but that’s not the case for state retirees. Gov. Mark Dayton (D) on May 31 vetoed an omnibus retirement bill that would have cut the cost-of-living adjustments for Minnesota State Retirement System retirees and Minnesota...
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The impact of the Department of Labor’s May 18 rule revising the federal overtime rules may not be confined to HR and payroll — retirement plan administrators and service providers may be affected as well.The new overtime rules will increase the exempt salary threshold level to $913 per week or $47...
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