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Retirement Plans Will Likely Face More Litigation in 2021
A year marked by high volatility and rushed cybersecurity practices could bring a new wave of retirement plan litigation for 2021.
Paychex Introduces a Pooled Employer Plan
The firm says the PEP will reduce fiduciary liability for employers.
DOL Releases Updated Versions of Form 5500
The agency has also highlighted important modifications to the form.
Are Your Clients Carrying Uncompensated Risk Into 2021?
With hopes and expectations for a continued market rebound through next year, it is the right time to address causes of ‘uncompensated risk’ in a long-term equity portfolio.
OMB Has Received a Final Fiduciary Rule From DOL
The sense of déjà vu associated with the filing of a finalized fiduciary rule by the Department of Labor is palpable, but one ERISA expert says this version...
2020 Required Amendments List Published by IRS
The two items that may require an amendment relate to difficulty of care payments treated as compensation for 415 limits, and the application of cooperative and small employer...
What Biden’s Win Means for Retirement Plans
Experts say the president-elect could start the process of shoring up Social Security and embrace ESG investing.
DCIIA Reviews Financial Effects of ESG Investing
A team of experts discussed considerations in implementing environmental, social and governance factors.
How Firms Can Take Actionable Steps to Advance Diversity in the World of Finance
The CFP Board says financial planning professionals need to attract more women and people of color to the industry.
New Life Expectancy Tables Will Decrease RMDs
The IRS has issued final regulations on mortality tables to be used for calculating required minimum distributions, which reflect longer life expectancies.
Familiar Fiduciary Concerns Voiced as PEP Market Takes Shape
As with any type of innovation, it should be expected that the architecture, structure and governance of PEPs will likely change over time.
PBGC Takes Over J.C. Penney Pension
A purchase agreement allowing the company to emerge from Chapter 11 bankruptcy does not include the pension plan debts or assets, despite its comparatively strong funding position.
IRS Simplifies Certain 403(b) Plan Terminations
SECURE Act-based guidance from the IRS will allow for distributions of custodial accounts under rules similar to those that have been available for annuity contracts under a 403(b)...
Sponsored by John Hancock
Add Financial Stress to the Symptoms—and the Cost—of the Covid-19 Pandemic
Financial stress has increased among American workers as the pandemic has continued, adding to the costs borne by employers. Plan sponsors, financial professionals, and recordkeepers can work together...
Sponsored by John Hancock
Workers Concerned About How Election Day Will Impact Retirement Savings
A Lincoln Financial report also finds some workers are uncertain or confused when it comes to how they should prepare their retirement plans ahead of election results.
Encouraging Young Part-Time Employees to Save for Retirement
Financial advisers can help part-time employees who will be newly eligible for retirement plans under the SECURE Act get familiar with savings concepts.
Gen Z Workers Need Financial Advice
Financial challenges should be addressed before saving for retirement can be effective.
Trump and Biden Differ on Social Security, 401(k) and Tax Policies
What both candidates have proposed as it relates to the retirement industry.
A Financial Services Diversity Action Plan
Both responding to and reflecting the times, leaders at major financial services organizations are growing increasingly vocal about the importance of cognitive and cultural diversity on a team’s...
Retirement Industry Cheers New ‘Securing a Strong Retirement Act’
The bipartisan piece of legislation includes provisions that have long been popular among retirement industry stakeholders, including the elimination of barriers to allow greater use of lifetime income...