Data & Research June 14th, 2023 How Emergency Savings Serves Low-Income Households BlackRock research shows that emergency savings balances helped low-income households keep more money in their retirement savings accounts during the...
In Practice June 12th, 2023 Top Retirement Plan Advisers Weigh In on Potential, Pitfalls of SECURE 2.0 PLANADVISER’s top retirement adviser pulse survey finds optimism about the legislation, alongside a healthy dose of questions and advice for...
Products June 8th, 2023 Investment Product and Service Launches Principal debuts registered index-linked annuity solution; Jackson enhances RILA suite; Prudential Advisors introduces fee-based annuities; and more.
Compliance June 5th, 2023 Debt Ceiling Suspended Until 2025 President Joe Biden's Saturday signature avoided a June 5 default by the U.S. government.
Deals & People June 2nd, 2023 Vestwell Partners With Payroll Provider Gusto on Integrated 401(k) The offering is geared toward businesses and state auto-IRA programs.
Compliance June 2nd, 2023 Senate Passes Debt Ceiling Bill to Avoid U.S. Default The bill now moves to President Biden for signature ahead of the June 5 default date.
Compliance June 1st, 2023 Senate HELP Committee Urges DOL to Prioritize Certain Secure 2.0 Provisions The recommended focus areas include emergency savings and defined benefit annual funding notices.
Compliance June 1st, 2023 IRS Provides Interim Guidance for EPCRS Changes SECURE 2.0 laid out changes to IRS correction programs, but the May guidance clarifies how they will operate until the...
Compliance May 25th, 2023 CITs: Coming Soon to 403(b) Plans? A bill approved by the House Committee on Financial Services would permit CITs in all 403(b) plans to bring parity...
Compliance May 24th, 2023 Congress Says It Will Fix at Least 4 Errors in SECURE 2.0 The errors include the startup credit, RMD, SIMPLE IRA plans and Roth catch-ups.
Compliance May 17th, 2023 NAGDCA: Roth Catch-Ups Will Be Major Issue for Government Plans This is the second time in three months the advocacy group has warned federal regulators and appealed for assistance.
Compliance May 12th, 2023 Asst. Labor Secretary Gomez Says DOL Studying SECURE 2.0 Implementations The EBSA head also discussed the need to educate market participants on the DOL's ESG rule and changes to COVID-19...
Data & Research May 11th, 2023 Advisers Can Help Educate on Emergency Savings, Student Loan Debt Matching Half of employers plan to add emergency savings and student loan debt matching via SECURE 2.0, according to MFS Investment...
Compliance May 8th, 2023 SEC Swing-Pricing Rule Would Make Participants Second-Class Investors The president and COO of Nationwide Financial argues the rule would be bad for retirement plan and annuity product investors.
Data & Research May 3rd, 2023 Small Business Owners More Likely to Phone a Friend, Not an Adviser When asked whose counsel they would seek before setting up an employee retirement plan, small business owners prioritized family, friends...
Data & Research May 2nd, 2023 Do Small Business Owners Need Retirement Advisers Too? Amassing sufficient retirement income and the impact of taxes on retirement savings are small business owners’ top concerns.
Compliance May 1st, 2023 Senator Cardin Announces 2024 Retirement The Maryland senator was a leader in drafting and passing SECURE 2.0 legislation.
Compliance April 26th, 2023 Senate HELP Committee Advances Su’s Nomination on Partisan Lines No floor vote has been scheduled for the confirmation of the acting Secretary of Labor, who faces Republican opposition.
Compliance April 24th, 2023 Proposed Bill Would Allow CITs in 403(b) Plans 403(b) plan advisers may have their patience rewarded with a potential bill to allow CITs is on the table.
In Practice April 23rd, 2023 As SECURE 2.0 Changes Loom, Plan Sponsors Need Prep, Advice SECURE 2.0 gives advisers ample opportunity to connect with plan sponsors to ensure they are ready for both mandatory and...