Does Our Plan Fall Under SECURE 2.0’s Automatic Enrollment Requirement?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Tag: SECURE 2.0 Act of 2022
Benefits |
BlackRock CEO Says Concept of Retirement Has to Change
Annual letter to investors says, "Humanity has changed over the past 120 years. So must our conception of retirement."
Products |
The 3-Letter Plan Type You Haven’t Heard of
Defined Contribution Groups—DCGs—offer another option for sponsors seeking to simplify some administrative tasks.
Benefits |
In PEPs, Attaining Economy of Scale Is Critical, Sometimes Illusive
While the pooled plan providers, sponsors of multiple employer plans, continue to see asset inflows, for sponsors, joining a PEP...
Measure Allowing CIT Use in 403(b) Plans Advances in the House
The legislation is a first step to allowing the lower-cost investments' use in nonprofits and school retirement plans.
Benefits |
Dawn Foods Boosts Employer 401(k) Matching Contribution
Michigan-based Dawn Foods Inc. changed its contribution matching formula to increase the total and reduce participants’ confusion.
Benefits |
Can Multiple Employer Plans Help Close the Retirement Coverage Gap?
Advertised as a more cost-efficient and less burdensome way for small employers to offer a retirement plan, pooled solutions may...
Benefits |
Four Sponsors Add Fidelity’s Student Loan Debt Repayment Matching Benefit
A luxury goods company, media company, beauty retailer and media and entertainment company are all employers implementing student loan debt...
2024 PS Webinar: SECURE 2.0 Catching Up with Catch-Ups
Plan sponsors, recordkeepers and payroll providers face many challenges when it comes to implementing the SECURE 2.0 provision requiring certain...
Products |
Investment Product and Service Launches
LifeYield releases Annuity Income Layer; NAGDCA offers enhanced SECURE 2.0 Resource; and Voya launches new supplemental health benefit to help with...
Comments Challenge IRS Interpretation of Automatic Features, Roth Matching, Other Provisions
The IRS December grab bag notice provisions on de minimis incentives and terminally ill distributions also received some pushback from...
Education Savings Benefits Gain Momentum as Employees Struggle With Student Debt
As loan repayments are an obstacle limiting employees’ retirement savings, education savings benefits are an opportunity for employers to relieve...
What Could Taxing 401(k)s Look Like? And How Likely Is It?
A few informal proposals have been made in recent years, and none got very far.
Small Businesses Don’t Know About Plan Creation Tax Credits, per EBRI
That’s despite citing profitability and plan cost among their chief reasons for not starting a plan.
Benefits |
529, ABLE Qualified Tuition Plans Reach $470B After Big Q4 Inflows
In 2023’s fourth quarter, the number of tax-preferred education savings and prepaid accounts rose to 16.4 million.
Products |
New PEP Made Available by Ascensus, American Funds
The pooled employer plan is live from one of the country’s biggest PEP administrators alongside a leading TDF provider.
Whatever Happened to CITs in 403(b)s?
It’s still a work in progress, as a legislative proposal makes its way through Congress.
How Does the New Distribution Provision for Terminal Illness Work?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Stakeholders Ask for Enforcement Delay on Part-Time Eligibility Rules
SECURE 2.0 requires part-timers to be made eligible for elective contributions after two years of service.
Pension-Linked Emergency Accounts Can Incentivize Lower-Income Enrollment
PLESAs can address liquidity concerns for workers, one of SECURE 2.0’s co-authors argued at the EBRI-Milken Retirement Symposium.