Administration | September 3rd, 2024 From Auto-IRAs to PEPs: How Small Employers Can Offer Retirement Savings For some employers, offering a state-facilitated retirement plan is the best and easiest option, but for others, sponsoring their own...
Administration | October 30th, 2023 CalSavers Sees Retirement Plan Registrant Increase Other state plans lag behind, but the Golden State’s program continues to welcome more registered employers and participant-funded accounts.
Deals and People | July 14th, 2023 Ascensus Brings on Asset Management Executive as President Former Pendal Group CEO Nick Good will report to CEO and Chair David Musto.
Benefits | April 28th, 2023 State Retirement Plan Proposed in Nevada for Third Consecutive Session Bill introduced in Nevada Senate includes auto enrollment but faces long road ahead after similar bills died in committee in...
Benefits | August 29th, 2022 California Expands State Retirement Savings Program CalSavers access was boosted for an estimated 750,000 workers, according to the state of California.
Data and Research | September 2nd, 2021 Red and Blue Voters Support State-Run Retirement Programs An AARP poll taken in Michigan shows bipartisan support for state-operated retirement savings programs for private sector workers.
Benefits | January 29th, 2021 Virginia Throws Its Hat Into the State-Run Retirement Plan Ring A bill passed by state lawmakers would direct the state’s 529 plan board to set up and administer VirginiaSaves.
Benefits | January 6th, 2021 States Looking for Ways to Increase Access to Retirement Plans in 2021 More employers are also likely to offer automatic emergency savings, a Millennium Trust executive says.
Compliance | May 18th, 2020 New Mexico Passes State-Run Retirement Program Legislation The legislation provides for a state-run auto-IRA program as well as a marketplace from which employers can choose low-cost retirement...
Compliance | March 11th, 2020 Lawsuit Arguing ERISA Preemption of CalSavers Dismissed A federal court judge found no impermissible reference to or connection with ERISA plans in the statute establishing California’s state-run...
Data and Research | January 10th, 2020 Initial CalSavers Data Shows an Issue With ‘Stickiness’ of the Program However, the deadlines for employers to register stretch out to 2022, so the data could improve over time to approach...
Data and Research | November 6th, 2019 A National Program Like OregonSaves Would Reduce Retirement Deficit The Employee Benefit Research Institute also found an expansion of 401(k) safe harbor plans nationwide would reduce the deficit by...
Compliance | August 13th, 2019 U.S. Considering Whether to Join Lawsuit Over California Secure Choice Program The lawsuit alleges the act that created the Secure Choice program “violates the Supremacy Clause of the United States Constitution...
Data and Research | August 6th, 2019 OregonSaves Filling the Retirement Plan Coverage Gap The state-run retirement program for private-sector employees is reporting $25 million saved for retirement, and has announced expansion to more...
Data and Research | December 11th, 2018 OregonSaves Shows Initial Success At the time of an analysis from the Center for Retirement Research (CRR) at Boston College, 62% of eligible workers...
Compliance | October 12th, 2017 ERIC Files Lawsuit Against Oregon Retirement Savings Board The association claims OregonSaves’ reporting requirements obstruct ERISA.