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Latest Marketplace News

OneDigital Acquires Retirement Benefits Division From High-Profile Chicago Firm

NAPA Launches Retirement Income Certificate Program for Advisors

Hub Launches Retirement Select PEP

Employee Benefit Research Institute Makes New Appointments to Board of Trustees, Executive and Research Committees

Ceridian Becomes Dayforce

Pontera Partners with CAPTRUST to Enable Enhanced Retirement Planning

2024 PLANADVISER Adviser Choice Awards

Voya Evolves Suite of Advice and Guidance Solutions With Launch of New Dual QDIA

Bank of America Reports 15% Increase in 401ks in 2023


Latest Published Articles, Papers, and Research From Across the Web

401k World: Retirement Plan and Wealth Advisement

According to surveying done by T. Rowe Price, 100% of large retirement plan advisories are now providing wealth management strategies to plan participants. According to some in the industry, that trend is likely to continue in coming years as participant wealth management needs grow. Offering both plan advisory and wealth management services makes sense from several perspectives, including higher profit margins than plan advisory work, according to the T. Rowe report.

Source: Planadviser.com, February 2024

Industry Asks IRS to Limit Automatic Features in Merged Plans

The IRS's comment period for an interpretative notice related to several provisions of the SECURE 2.0 Act of 2022 resulted in responses that included requests for further clarification ahead of Tuesday's deadline. Specifically, commenters request that single-employer plans not required to have automatic features, should retain that status when joining a MEP or PEP.

Source: Planadviser.com, February 2024

Regulation Best Interest and Individual Retirement Accounts

The retirement security proposal, proposed by the DOL in October, would apply fiduciary duties under ERISA to rollovers to individual retirement accounts, among other transactions. Opponents of this proposal say that the SEC's Regulation Best Interest has been regulating these transactions since June 2020, and the DOL proposal is therefore unnecessary. This article reviews what Reg BI requires when it comes to rollovers.

Source: Planadviser.com, February 2024

Senate HELP to Hold Hearing on Confronting the "Retirement Crisis"

Amid the recent attacks on the 401k savings system, the key Senate committee with jurisdiction over ERISA plans to hold a hearing on Wednesday, Feb. 28 to examine what it describes as "confronting the retirement crisis facing working class Americans."

Source: Ntsa-net.org, February 2024

New Michigan Bill Would Create State Auto IRA

Michigan State Rep. Mike McFall introduced a bill this week that would create a state-run automatic IRA program. Under the plan, employees who don't have access to retirement savings plans through their employer would be automatically enrolled in a Roth IRA. The account would be owned by the worker, who could decide how much to contribute via payroll deduction or opt out of participating. The IRAs would move with workers when they change jobs.

Source: 401kspecialistmag.com, February 2024

Tips to Keep Your Retirement Plan in Compliance

A recent survey indicates that 45% of retirement plan sponsors do not realize they serve as fiduciaries to their organization's retirement plan. All fiduciaries need to follow best practices for ensuring their plans are operating according to the rules, regulations, and governing plan documents. This process can be accomplished by creating a compliance checklist for 2024.

Source: Usicg.com, February 2024

Three Themes Shaping the U.S. Retirement Landscape

Looking into 2024, retirement income, personalization, and diversification will be the key themes for DC plan sponsors and their consultants and advisors. This 2024 U.S. Retirement Market Outlook explores why it is expected that these topics will shape the retirement landscape in the coming years and outlines the underlying factors that are creating both challenges and opportunities for the retirement industry. The paper also provides action items or next steps for plan sponsors, consultants, and advisors.

Source: Troweprice.com, February 2024

Group Health Plan Fiduciaries May Now Be a Target of Lawsuits for Excessive Fees

Once the DOL's participant fee disclosure rules for retirement plans became effective in 2012, the plaintiffs' bar latched onto recordkeeping and investment fees paid by 401k plans, and the number of lawsuits claiming excessive fees exploded. Now, a recent lawsuit against the fiduciaries of a group health plan highlights what might be the next wave of fee litigation related to employee benefit plans.

Source: Sgrlaw.com, February 2024

More Articles, Papers, and Research »


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Collected Wisdom™

Our researchers look for what they think are some of the better resources available to assist you in administering your plan or helping your clients. We group these resources in our COLLECTED WISDOM™ topics to make it easy for you to locate the information you need. Each item in a category contains a summary and date of when it was placed in the group.

We also maintain some older material in these collections for perspective and context.

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Tools and Resources

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