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Weekday news and analysis for retirement plan advisers
Monday, June 17, 2024
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Congress Urges Treasury to Share Unclaimed Bond Data with States
PAPS-061424-Unclaimed-savings-bonds-1444134552-web
There are about $30 billion in unclaimed savings bond assets that could be distributed to Americans.
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Many Workers Don’t Realize They Are Not Contributing to Workplace Plans
Principal examined the reasons that 59% of nonparticipating employees assumed they were saving in their retirement plans.
Today’s Most Read
1. Will Trump DOL Move Away From Biden Independent Contractor Classification Rule?
2. Department of Labor Secretary Nominee Gets Confirmation Hearing Date
3. What to Know About Part-Time Employee Eligibility for Retirement Plans
Retirement Industry People Moves – 6/14/24
Sequoia Financial hires chief strategy and partnerships officer; TIAA names new head of consultant relations; The Standard taps regional vice president in retirement plans; and more.
Nonqualified Compensation Moves Downstream
A Newport executive discusses how early findings from an annual survey show plan sponsors providing nonqualified compensation programs to a wider pool of employees.
DOL Backs Unenforceability of Class Action Waivers
The regulator filed an amicus brief with the 6th Circuit in May arguing that class action waivers in plan agreements are not legally valid.
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