Tag: retirement plans

January 26, 2024

With a new year underway, there are so many compliance-related items to consider relating to your employee benefit plans. The rules you’re supposed to comply with keep growing and growing—they seem like the gifts that keep on giving (and changing). […]

January 17, 2024

Planning for retirement can be a daunting task, especially with the introduction of new regulations. The SECURE 2.0 Act of 2022, which goes into effect on January 1, 2024, is the latest major overhaul of retirement planning laws in the […]

May 19, 2023

A quick SECURE Act 2.0 summary is nearly impossible to give. Like the original 2019 SECURE Act, the goal of the update was to increase the number of companies offering retirement plans and to increase employees’ participation in those plans. […]

April 7, 2022

Legislation moving through Congress would prompt more employers to automatically enroll new employees in 401(k) or similar defined contribution retirement plans and to increase participants’ savings rates over time. Even without new mandates to do so, however, more employers are […]

June 4, 2019

Employer-sponsored private-sector defined benefit (DB) plans have been on the decline for many years as U.S. employers have shifted to defined contribution (DC) retirement plans. Just 17% of private-sector employees had only a DB plan or both a DB and […]

May 3, 2019

Most of us have heard of the “parking lot” in business—the place where ideas not pertinent to a discussion get moved. With the perceived complexity of the health and wealth landscape, as well as the challenges facing employees for the […]

March 19, 2019

It is an exciting time for employee benefit professionals. Just a few years ago, we were consumed with legislative challenges and daunting health and retirement issues. Those issues haven’t gone away, of course, but there’s a newfound optimism around the […]

November 7, 2018

Сonnecticut announced that in January 2019 it will begin requiring private-sector employers without their own workplace-based retirement plans to enroll employees in individual retirement arrangements (IRAs) sponsored by the state. The requirement stems from legislation enacted in 2016 that is […]