PSCA's 2024 survey of 303 nonprofits shows significant modernization in 403b plans, with sharp increases in employee participation, Roth options, and automated features like auto-enrollment and escalation. SECURE Acts 1.0 and 2.0 accelerated these changes, making 403b plans resemble 401ks and driving record savings rates. Article contains survey details.
The U.S. Supreme Court asked the Labor Department to weigh in on an ERISA case regarding the burden of proof. In its amicus brief, the Department reversed its prior stance, stating that after reviewing the issue, the burden of proving causation should rest with ERISA plaintiffs.
An Employee Benefits Research Institute brief reports that participants who took 401k loans in 2021–2022 were likely using them to cover rising health care costs. Among households with a new loan, 51% increased health care spending by at least 10%, compared to 47.8% of households without a new loan.
DOL audits are rarely welcomed by retirement and benefit plan sponsors. However, these audits serve an important purpose: ensuring that plans such as 401ks, 403bs, and pension programs are properly administered and comply with ERISA and tax regulations. Under ERISA, the DOL enforces strict fiduciary and reporting standards. This guide explores how sponsors can effectively prepare for an audit.
The increasingly politicized environment has made 401k investment guidance unpredictable, with regulations shifting whenever a new administration takes office. This constant change creates uncertainty and imposes costly administrative burdens on plan sponsors and fiduciaries striving to remain compliant. So, what's the best path forward? This article explores practical strategies for plan sponsors to navigate these challenges.
The retirement landscape is evolving rapidly, and many employers are struggling to keep pace with new regulations and rising employee expectations. Within the data lies a significant opportunity to enhance benefits, improve retention, leverage tax advantages, and provide employees with greater financial security. This uncertainty reveals a massive opportunity. Small businesses need clearer support to turn good intentions into readiness.
Federal agencies -- including the IRS, PBGC, SSA, and CMS -- have released 2026 cost-of-living adjustments for retirement, health, and fringe benefit plans, as well as Medicare, Social Security, and SSI. The accompanying table provides qualified retirement plan limits for 2024–2026, including rounded IRC values and Mercer's unrounded 2026 projections.
The strength of a fiduciary process is best reflected in detailed meeting minutes, not just the investment lineup. Minimalist records like "Reviewed funds. No changes." create legal risk because, under ERISA, undocumented actions are treated as if they never happened. Plaintiffs' attorneys will exploit such gaps.
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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.
