Expert Consensus: SECURE 2.0 May or May Not Pass
Passage of the final bill depends on whether Congress can pass an annual budget.
Tag: 403(b) plans
SECURE 2.0 Likely to Pass this Year
Three separate bills, dubbed SECURE 2.0 when taken together, are likely to be passed into law by this December, according...
Workers Worried About Inflation Are Delaying Retirement
A Nationwide Retirement Institute report shows a spike in workers who are feeling on ‘the wrong track’ for retirement.
Lawsuit For Wake Forest University Retirement Plan Proceeds
The judge has allowed the case to go forward and the ‘plaintiffs should be afforded an opportunity to conduct discovery.’
How Advisers Can Help Smaller Nonprofits
While serving the nonprofit market is comparable to serving small businesses, the market also comes with its unique set of...
RISE & SHINE Act Markup Scheduled
Lawmakers will convene an executive session to mark up the RISE & SHINE Act on June 14, according to a spokesman from the Senate...
IRS Provides Sample Language for 403(b) Plan Provisions
The agency issued a listing of required modifications for pre-approved plans.
Washington University ERISA Lawsuit Reaches Settlement
The parties have reached a $7.5 million settlement agreement some months after a circuit court revived the long-running ERISA fiduciary...
Some 403(b) Plan Sponsors Don’t Have Information Needed to Monitor Fees
A GAO study found a wide range in 403(b) plan recordkeeping and investment management fees.
Attorney Calls Proposed Changes to RMDs From 403(b)s ‘A Big Deal’
Proposed required minimum distribution changes would require a participant to take calculated amounts from each 403(b) contract he has.
IRS Identifies Changes to 403(b) Plans for Second Remedial Amendment Cycle
The 2022 Cumulative List will assist providers of Section 403(b) pre-approved plans applying to the IRS for opinion letters.
Judge Cites Recent Supreme Court Ruling in Denying Dismissal of Excessive Fee Suit
Participants in a terminated 403(b) plan challenged the use of actively managed funds and higher cost share classes.
Boston Children’s Hospital Latest Target of ERISA Excessive Fee Suit
The complaint alleges several breaches of fiduciary duty, including retaining poorly performing investments.
RIA Launches New Tool for Retirement Plan Advisers for Tax-Exempt and Government Plans
The new retirement plan governance platform targets challenges presented in some non-ERISA retirement plan types.
PPL Corp. and Mass Brigham General Face ERISA Lawsuits
Imprudent investments and excessive fees were themes of lawsuits filed last week against retirement plan fiduciaries.
Mercy Health Plan Fiduciaries to Pay $3.9 Million to Settle Lawsuit
The defendants will also retain an independent consultant to review investments and fees, according to the settlement agreement.
GSAM, Ascensus Partner on Solution for Small and Midsized Businesses
The firms say it gives companies access to asset management, retirement expertise and guidance for employees via a technology platform.
415 Limit Applies in Aggregate When 403(b) Participant Sponsors Another Plan
The IRS addresses how to apply the annual additions limitation in an updated Issue Snapshot.
California Educators Convinced to Roll Retirement Plan Money Into Risky Investments
The owner of a 403(b) plan administration firm and another insurance agent have been charged with multiple counts of securities...