LPL Advisers Overwhelmingly Support SECURE 2.0 Even as Timeline for Passage Tightens
On the same day Senator Rob Portman, a retirement-legislation leader, gave his farewell speech, a survey from the massive independent...
Tag: SECURE Act
DOL: Plan Sponsors in PEPs Don’t Necessarily Need to Purchase Fidelity Bond
The department of labor clarified in a response letter some of the responsibility and costs that plan sponsors can offload...
Midterm Election Results Could Delay SECURE 2.0
A shift in Congressional power in Washington to Republicans could delay passage of SECURE 2.0 and push Democrat's ESG and...
Beyond 401(k) / PEPs
PEPs’ Slow Growth
Economic distractions and alternative options have lessened the uptake.
Annuities’ Bad Rap
Research shows a link between a good comprehension of annuities and a more favorable view of the products; unfortunately, annuity...
Wilmington Trust Introduces Digital CIT Onboarding Tool
Plan adviser users of the tool can automatically pull key data for the plan they are advising into the system...
Social Security Concerns Drive Early Benefit Claims
Almost half of workers surveyed (48%) have no strategy to generate retirement income, Schroders finds.
Plan Design / Post-Retirement
New Territory for Income?
Advisers and providers need to help solve the decumulation challenge.
Plan Design / Participant Coverage
Greater Access
Adjust the plan—or craft a new one—to cover a client’s excluded workers.
Keeping Up with the Securing a Strong Retirement Act
Because different provisions are included in the House and Senate versions of the ambitious retirement reform legislation, a reconciliation process...
MODERN INVESTMENT MENU / COVER STORY
Paving the Way
Approaches to adding income products into DC plan design—but not on the menu.
Trends
New, Tighter Distribution Rules
Retirement plan advisers should revisit retirement planning for clients who count on the ‘stretch’ IRA provision for bequeathing their individual...
Plan Sponsor Interest in Pooled Employer Plans Has Increased
The largest small employers may be the most interested.
House Easily Passes the Securing a Strong Retirement Act
The landmark retirement legislation passed the House by a margin of 414 to 5, setting the stage for debate and passage by the Senate.
High Hopes for Legislative Progress in Late 2022
Taking a cue from the process that led to the adoption of the SECURE Act in late 2019, one retirement industry policy advocate says the odds are good...
Retirement Industry Rallies Around LIFE Act
The bill would amend the DOL’s current default investment safe harbor regulations to allow, but not require, a retirement plan’s default investment to include a limited investment in...
Informational Copies of 2021 Form 5500 Published by DOL
In addition to the Form 5500 informational copies, the IRS has also released the 2021 Form 5500-EZ and related instructions.
Advocacy Continues for Retirement-Related Provisions in Budget Draft, Other Bills
Industry professionals who work with lawmakers in Washington say they remain hopeful that retirement security issues will be addressed in the federal government’s budget for fiscal year 2022.
Compliance News
Legislative and Judicial Actions
The SEC returns to cybersecurity enforcement pledge; Form 5500 revisions; revenue-sharing disclosure failures result in SEC action; and more.
DOL, IRS and PBGC Call for Comments on Form 5500 Revisions
In addition to asking for input on the SECURE Act’s requirements and the current Form 5500, the DOL has published a notice of proposed changes to its implementation...