EBRI Finds Small Businesses Don’t Know About Start-Up Credits
The research institute also found that some businesses would consider ending their plan and joining a state-run auto-IRA program if...
Compliance
401Kids Savings Act Would Create Savings Accounts for Eligible Minors
Participants could withdraw funds starting at age 18 to pay for higher education, business startups and home purchases.
Can 403(b)s and CITs Some Day Be Friends?
Legislation to permit the pooled investment into 403(b) plans continues to inchworm its way through Congress.
Auto-Portability Key to Retirement Security, Says EBSA’s Gomez
With guidance published in the Federal Register, the assistant secretary of labor noted a connection between auto-portability and the retirement...
Advisers Hardly Ever Recommend Active TDFs to Retirement Plans, Research Shows
A report from Cerulli also found that student loan matching and Roth matching are among the most recommended SECURE 2.0...
Commenters Request Eased Enforcement on SECURE 2.0 Part-Time Eligibility
Many stakeholders expressed concern with the administrative hassle of tracking the service of long-term, part-time employees and said compliance would...
Aon Hit With $1.5M Penalty From SEC
The settlement stems from misleading statements made to the Pennsylvania Public School Employees’ Retirement System on its asset performance.
PLESAs Are Important Coverage Expanders, SECURE 2.0 Co-Author Argues
A former senior Senate staffer spoke at the EBRI-Milken Retirement Symposium about how pension-linked emergency savings accounts can greatly encourage...
SECURE 2.0’s Auto Enrollment, Savers Match Will Bring Most Positive Impact
Research from EBRI forecasts the two features will do more for retirement savings than other provisions.
DOL Aims to Streamline PTE Application Process With New Rule
The changes are intended to reduce the amount of time needed to finalize prohibited transaction exemptions for plan fiduciaries.
Detailing the DOL’s Auto-Portability Proposal
Its goal is to help missing participants consolidate their retirement assets in a tax-advantaged workplace plan.
DOL Proposes Rule on Auto-Portability
The proposal would permit providers to charge fees for auto-portability services.
Regulators Seek Comment on ERISA Disclosure Requirements
The IRS, PBGC and EBSA are accepting suggestions on how to simplify disclosures to benefit fiduciaries and participants.
Oxford Survey Finds DOL May Have Underestimated Compliance Cost of Fiduciary Proposal
New rollover disclosure needs would contribute to a majority of the cost, according to the survey commissioned by financial industry...
Concerns About Scope 3 Disclosure Continue to Haunt SEC Climate Disclosure Proposal
A House subcommittee hearing resulted in significant opposition from agricultural interests.
DOL Brings Clarity to Newly Available Emergency Savings Accounts
The FAQ guidance builds on earlier IRS directives, with a focus on investments and fee structures.
SEC Imposes $18M Fine on JP Morgan for Whistleblower Violations
According to the regulator’s order, the company’s securities division required clients to sign non-disclosure agreements barring them from reporting potential...
ASA Calls on Congress to Name DOL Employees Involved With Fiduciary Proposal
The American Securities Association asked Congress in a letter to identify DOL staff involved in the fiduciary proposal and to...
IRS Addresses Emergency Savings Accounts, Calls for Comment
The notice calls for stakeholders to recommend appropriate enforcement actions to prevent the gaming of employer matches on ESAs.
Bitcoin and Brokerage Windows: A Risk for Fiduciaries?
The DOL has not yet commented on cryptocurrency investments in the wake of the SEC’s approval of bitcoin exchange-traded products.