Help for 401k plan sponsors, retirement professionals, small business, employee and 401(k) rules

Stay informed with the latest insights, resources, studies, and news from knowledgeable sources.

    

Latest Marketplace News

SPARK Elects New Governing Board Officers

Ascensus to Buy Mutual of Omaha's 401k Recordkeeping Business

Target-Date Plus Added as QDIA Option for Voya Retirement Plans

Empower Readies New Digital Solution to Help Small Employers Create 401k Plans

ADP to Introduce Student Loan Benefits

Empower Introduces Newest Suite of Retirement Income Partnerships

Nationwide Partners with Morningstar to Offer Advisor Managed Accounts

The 2024 NAPA Top DC Advisor Teams Revealed

The Standard Expands Personalized Managed Account Solutions for Workplace Retirement Plans


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

Action Steps an Employer Can Take to Support Gen Z in Saving

Generation Z is looking ahead and shows a healthy regard and respect for their financial future, long-term. Studies show that they have a strong interest in financial literacy, saving, and employer-provided retirement benefits. Members of Gen Z also expect to spend 30 years in retirement, according to the Transamerica Institute. At the same time, Transamerica also says that a majority -- 57% -- of the members of Gen Z they studied agree that they need to save more for retirement. So what should employers do with that information?

Source: Ntsa-net.org, March 2024

AllianceBernstein 401k Lawsuit Booted

The US District Court for the Southern District of New York dismissed the plaintiffs' claims without prejudice, meaning that they can file an amended complaint to address the legal shortcomings within 30 days. The lawsuit, which was filed in 2022, failed to show that the asset manager could have breached its duties of prudence and loyalty, and it did not successfully allege any prohibited transactions, the court stated.

Source: Investmentnews.com, March 2024

Defense Contractor L3Harris Settles ERISA Class Action

A Florida district court judge has administratively closed an ERISA class action lawsuit against defense contractor L3Harris after the parties settled following mediation, subject to court approval of class counsel's motion for preliminary settlement approval, to be filed within 60 days.

Source: Hallbenefitslaw.com, March 2024

Several New Reasons Employers Should Self-Audit Retirement Plans

Employee benefit plans must be reviewed regularly to determine whether there are compliance errors that need to be corrected before there are major correction costs and penalties. There are many reasons why doing self-audits of both tax and fiduciary compliance makes sense and provides retirement plan fiduciaries with protection. Here are four of them.

Source: Cohenbuckmann.com, March 2024

Automatic Enrollment: This Is The Way

Thanks to SECURE Act 2.0, newly established 401k and 403b plans must now have automatic enrollment. Plans with an automatic enrollment feature immediately enroll employees in the employer-sponsored plan once employees satisfy eligibility requirements. 401k and 403b plans established after December 29, 2022, must have the automatic enrollment feature.

Source: Benefitslawadvisor.com, March 2024

Rising Stocks, House Prices Boost US Retirement Outlook

While COVID was raging, the jump in house prices and a rising stock market were dramatically improving U.S. workers' retirement finances. In 2022, the share of households that were not saving enough to maintain their standard of living after they retired dropped to 39 percent, from 47 percent in 2019.

Source: Bc.edu, March 2024

CITs Dominate Investment Strategies for 2023

A new Morningstar report is doubling down on its prediction that collective investment trusts will overtake mutual funds in 2024. The firm's latest Target-Date Strategy Landscape Report found that in 2023, 67% -- or $104.5 billion -- of net inflows into target-date strategies went into CITs, for a total of $156 billion. Net flows increased year-over-year, for a record high of $3.5 trillion.

Source: 401kspecialistmag.com, March 2024

Key SECURE 2.0 Provisions to Look Out for Right Now

Experts shared the provisions of the SECURE 2.0 Act of 2022 that are generating the most buzz in a PLANADVISER practice webinar. Heather Bader, a partner in Faegre Drinker Biddle & Reath LLP, noted provisions with immediate impact, including the elevation of maximum cash-out thresholds for emergency savings and the introduction of emergency savings account withdrawals for personal crises.

Source: Planadviser.com, March 2024

More Articles, Papers, and Research »


To subscribe to our free weekly newsletter, enter your email address below then click the "Join" button.

Email Address:

NOTE: WE DO NOT SELL YOUR DATA OR EMAIL ADDRESS TO ANY ORGANIZATION.


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.

Go to Collected Wisdom »


Tools and Resources

Calculators, charts, samples, directories and other resources to help you run and manage your plan or practice.

Go to Tools and Resources »


About | Glossary | Privacy Policy | Terms of Use | Contact Us | Small Business | Participant

Creative Commons License
This website is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.