While 57% of employees feel “completely” (27%) or “very educated” (30%) about their company’s benefits, 25% reported that they feel “a little” or “not at all” informed about their benefits – a finding ...
The first step, Larsen said, is to educate participants so they better understand the tradeoffs entailed in building that income. Long expressed a similar sentiment concerning tradeoffs and balance, ...
Roberts says that fiduciaries should follow the rules that are currently in effect while the Retirement Security Rule is in litigation, meaning the five-part test. In the event DOL is victorious in ...
The Pension Benefit Guarantee Corporation (PBGC) has announced that it seeks nominations for three of the seven seats on its Advisory Committee.
In fact, they have already been rising. The CRS says that the taxable amount of Social Security benefits as a percentage of all Social Security benefit payments stood at 12.2% in 1994, and more than ...
Legislation that would allow 403 (b) plans to invest in collective investment trusts (CITs) has been introduced by several Senate Banking Committee members, including the ranking Republican – an ...
The possibility that legislation affecting retirement plans may see action before the end of the year may have increased with the likelihood that Congress will approve a short-term spending deal, ...
Premiums and Benefits. The updated tables show that the PBGC has continued to bring in more in premiums every year. They also show that the amount the PBGC paid in benefits fell from FY 2022 to FY ...
Department of Labor (DOL) appealed to the Fifth Circuit Court for a reversal of the ruling by the U.S. District Court for Eastern Texas that temporarily suspended the implementation of the 2024 ...
The 2025 limits will reflect increases in the CPI-U from the third quarter of 2023 to the third quarter of 2024. The figures cannot be finalized until after September CPI-U values are published in ...
A new academic paper claims to have a solution to the problem of low-income retirement savings—oh, and they’d like you to pay for it. A new academic paper claims to have a solution to the problem of ...
Participation in retirement plans continues to grow, the Congressional Research Service (CRS) indicates in its most recent report. The increase in participation is not dramatic. But while the growth ...