PSNC 2019: 403(b) Plan Remedial Amendment Period
The last day of the remedial amendment period for 403(b) plans is March 31, 2020. What does the remedial amendment...
Tag: Plan Design
PSNC 2019: A National Plan Sponsor Town Hall
Plan sponsors from across the U.S. shared their biggest challenges and successes during the opening session of the 2019 PLANSPONSOR...
Automation Helps Asset Managers’ DC Plans Outperform
While retirement plans offered to the employees of asset managers have benefited strongly from auto-enrollment, investment providers have not fully...
Individuals, Employers and Government All Play a Part in Retirement Readiness
A new research report and Catherine Collinson, with Transamerica Center for Retirement Studies, lay out steps all three can take...
Opinions |
Using Automatic Features to Maximize Participant Success
Andrew Zito, with LAMCO Advisory Group, discusses common criticisms of plan sponsors when considering auto features and ways they can...
Best Practices for Managing ERISA Litigation Risk in 2019
Three Mayer Brown ERISA attorneys discuss the current litigation landscape and offer practical strategies for promoting compliance in 2019.
Benefits |
Survey Data Shows Disparate Opinions of In-Plan Retirement Income
Survey data demonstrates asset managers, recordkeepers, consultants and plan sponsors talk past each other regarding retirement income solutions, Cerulli says.
Janus Henderson Outlines Next-Generation Automatic Plan Features
Now that automatic and default features have gained widespread acceptance in DC retirement plans, it may be time to consider...
Stakeholders Say Auto-Portability Complements Modern Plan Design
Jana Steele, senior vice president and researcher for Callan, says auto-portability is the next natural extension of highly successful plan...
Some Plan Design Choices Could Undermine Participant Outcomes
Setting defaults too low, choosing the wrong default investment and offering company stock as an investment option could result in...
Years of Positive Retirement Savings Behaviors Lead to Record Balances
The average 401(k) balance reached an all-time high of $106,500 in the third quarter, and the average 403(b) balance is...
Successful Plans Embrace Strategic Thinking
The challenge of learning to think strategically impacts plans of all sizes, says Mel Hooker at Wells Fargo; even large...
ERISA Section 404(c): Back to Basics
To be 404(c) compliant, a plan must offer a broad range of investment options and make it possible for participants...
Correlation Found Between Profitability and Quality of 401(k) Plans
Above-average-rated plans are more apt to be found at companies with 20% to 80% higher profitability than are average-rated plans,...
6th Circuit Asks District Court to Consider Plan Reformation in Chrysler Lawsuit
A plan participant relied on language in the SPD regarding eligibility for benefits, and the appellate court found the SPD...
Plan Sponsors Changing Plan Designs, Investments to Improve Participant Retirement Outcomes
Preparing participants financially to be able to retire beat out reducing plan costs as plan sponsors' top concern in this...
Distributions Basics Confuse Sponsors and Participants
The rules set around all the different types of qualified retirement plan distributions are quite complex, but plan sponsors have...
Independent Contractors’ ERISA Lawsuit Fails to State Actionable Claim
The dispositive question is not whether the claimants were employees but whether, considering them as employees, they were eligible to...
Small Businesses Embracing Progressive Retirement Plan Design Features
In addition, Vanguard found among its book of business a large increase in the number of small businesses offering retirement...
Millennials Benefiting from PPA
They are on track to replace 75% of their income, compared to 64% for Americans overall.