Compliance | August 16th, 2023 DOL Sues 401(k) Plan, Fiduciary for Abandoning Plan The Department of Labor claims a payroll services and HR outsourcing company has effectively barred participants from accessing accounts and...
Administration | July 28th, 2023 Voya Financial Launches 403(b) PEP Beginning August 1, Voya will bring what it is calling the very first pooled employer plan to employees of large...
Products | June 28th, 2023 Vestwell Announces Expansion of MEP and PEP Solutions In response to SECURE 2.0 permitting more flexibility for multiple and pooled employer plans, Vestwell is expanding its offerings for...
Benefits | May 18th, 2023 2 More States Create Retirement Savings Plans for Private Sector Workers Legislators in Missouri and Minnesota passed bills to expand access to retirement savings for private sector employees, and Vermont legislators...
Compliance | April 4th, 2022 Court Dismisses One Lawsuit Against ADP Multiple Employer Plan A court found a participating employer was not a fiduciary with respect to alleged actions in the lawsuit, and therefore...
Compliance | March 29th, 2022 IRS Proposes Regulations Updating MEP ‘One Bad Apple’ Rule In certain cases, the portion of a multiple employer plan attributable to a participating employer’s failure to meet plan qualification...
Compliance | March 17th, 2021 Nextep MEP Sued for Excessive Fees The lawsuit takes particular issue with the use of higher-cost share classes and revenue sharing.
Products | November 16th, 2020 Principal to Launch PEP, Says More to Come The firm is targeting its pooled employer plan at startups and companies with up to $10 million in retirement plan...
Administration | August 27th, 2020 Tremendous Promise Foreseen for PEPs Many retirement plan experts say they think the pooled employer plans authorized under the SECURE Act will open more doors...
Compliance | July 30th, 2019 DOL Offers Relief to MEPs That Did Not File Correct Form 5500s The Department of Labor (DOL) found more than 100 multiple employer plans (MEPs) in violation of a requirement to include...
Data and Research | May 16th, 2018 Americans Would Like Retirement Security Laws Passed Eighty percent of American workers surveyed said they would like to hear congressional candidates discuss retirement security.
Opinions | May 14th, 2018 The Retirement Enhancement and Savings Act of 2018: What Would It Mean for MEPs? In March, the Retirement Enhancement and Savings Act of 2018 (RESA) was introduced in the U.S. Senate. If passed, the...
Compliance | February 23rd, 2018 IRI Calls on Congress to Pass Mandatory 401(k) Legislation A blueprint from the Insured Retirement Institute offers a guide for its dialogue with Congress and the Administration about improving...