Paycheck Protection Program Covers Retirement Plan Contributions
The Treasury Department makes clear that the PPP offers help with employer contributions to retirement plans and toward health benefits...
Tag: coronavirus
Opinions |
CARES Act’s Provisions Are Well-Intentioned but Could Harm Retirement Readiness
Reminders about the long-term effects of plan leakage on retirement savings could protect retirement plan participants from making harmful decisions.
Products |
MassMutual Offers CARES Act Provisions to Retirement Plan Clients
Plan sponsors can ‘opt-in’ to offer the provisions to participants.
Talking Points to Help Participants Navigate Market Volatility
Certain concepts should be communicated clearly to retirement plan participants so they don’t make decisions that may hurt their retirement...
Products |
OneAmerica Forgives Hardship Withdrawal Fees
The recordkeeper is making the move in response to the CARES Act.
Products |
Securian Removes COVID-19 and Hardship Withdrawal Fees
The firm is also offering free fiduciary and wellness services.
Products |
Nationwide Joins List of Providers Offering CARES Act-Related Help to Participants
The retirement plan provider is waiving fees and accelerating transaction processing for those taking withdrawals or loans related to the...
Few Plan Sponsors Planning Retirement Benefit Cuts Right Now
Experts say firms are focused on making sure their business survives, hopeful that the economy will bounce back when the...
Monitoring DC Plans’ Company Stock Investments During Market Volatility
Decisions for 401(k) plan sponsors with company stock on their investment menus are different than those for sponsors of true...
Ensuring Cybersecurity in a Remote Work Environment
Extra measures need to be taken for HR and benefits staff working from home to keep employee and retirement plan...
Products |
Transamerica Takes Steps to Help Plan Sponsors, Participants During Coronavirus
The retirement plan provider is waiving certain fees and has established a dedicated team to support participants in their decision...
Products |
John Hancock Announces New COVID-19 Fee Policies
The firm is waiving fees related to participant hardship withdrawals and suspending fees for plan amendments made in response to...
Communicating with Employees During COVID-19
Sources suggest topics to address with retirement plan participants and methods to do so in this environment of limited face-to-face...
Products |
Principal the Latest Provider to Waive Retirement Plan Transaction Fees
It is also waiving plan sponsors’ fees for certain retirement plan amendments and halting rate increases for group benefits.
Opinions |
Barry’s Pickings: Things That Change and Don’t Change Back …
Michael Barry, president of O3 Plan Advisory Services LLC, contemplates change in the markets and infrastructure brought on by the...
Furloughs Vs. Layoffs: Which May Trigger a Partial Plan Termination?
‘Companies tend to use the terms interchangeably, which is why it can be confusing,’ says Lorie Maring, a partner at...
Plan Sponsors Should Be Extra Vigilant During Severe Market Volatility
For both DB and DC plan sponsors, fiduciary actions follow a different time frame when there is a sustained market...
Products |
Empower Waives Fees for Retirement Plan Loans and Hardship Withdrawals
The change is for all tax-qualified workplace retirement plans administered by Empower that permit such distributions and includes new provisions...
Benefits |
Employers Can Offer More Student Loan Repayment Help to Employees
The CARES Act allows employers to contribute toward employees’ student loan debt tax-free to employees, and employees need guidance on...
Administrative Considerations for CARES Act Transactions
Plan sponsors need to understand the details and ask themselves certain questions to make sure they are complying with the...