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News Archive
Everything You Didn't Know Was in SECURE 2.0, But Should: PSCA National
It probably feels like plan sponsors have been reading about SECURE 2.0 nonstop since last November. How could there possibly be more to know? Well, a lot of it will help plan sponsors. The Everything You Didn't Know Was in SECURE 2.0, But Should Know About session detailed the bits and pieces that plan sponsors have overlooked. PSCA President... Read More >>
Don't Lose Your Marbles Over Roth: PSCA National
To Roth or not to Roth—that is the question many sponsors had on the first day of the PSCA National. Titled SECURE ACT 2.0: Don't Lose Your Marbles Over Roth, the Day One session focused on how SECURE 2.0 affects Roths and included the history of Roth's creation by Sen. Roth as part of the Taxpayer Relief Act of 1997. Moderated by Pete Walsh from... Read More >>
What Are the Top Trends from PSCA's Annual Survey?: PSCA National
On Day One of PSCA National, plan sponsors came with questions about Roths and continued education on all things SECURE, which were themes of the Connect Data from PSCA's Four Annual Surveys to Benchmark Your Retirement Program session. Survey data waspresented by Hattie Greenan, Director of Research & Communications for PSCA. For the... Read More >>
Plan Sponsors Should 'Definitely' Have Cyber Liability Insurance: PSCA National
At Day One of the PSCA National, ARA CEO Brian Graff and EBSA Assistant Secretary Lisa M. Gomez discussed a wide range of topics, including the many misunderstandings about cyber liability insurance (which could be a huge fiduciary failure) and the ESG rule. This session follows Graff and Gomez's previous conversation on an episode of D.C.... Read More >>
Leakage: A Big Concern but Not a Big Problem
Sponsored by MFS Investment Management. We hear a lot of concern in the industry about leakage from the system in terms of loans, distributions, and missing participants and there are some solutions underway to help address it (particularly with automatic rollovers). We can recognize “leakage” from the system in terms of cash outs, loans, and... Read More >>
(K)rypto?
Sponsored by MFS Investment Management. Last year the Labor Department issued a “Compliance Assistance Release” regarding the inclusion of cryptocurrency in 401(k) plans – we asked members at that time in a QOTW if they would consider Cryptocurrency as an investment option in their plans and though a handful were considering it, the overwhelming... Read More >>
‘Sharp Declines’ in Financial Progress: Report
Employees’ financial situations and mental health are bearing the brunt of the burden of a year where economic uncertainty and inflation have upended saving and spending habits, according to a new report. With market declines across asset classes in 2022 and the potential for a recession dominating news coverage, 70% of respondents say they’... Read More >>
SECURE 2.0 a Step in Right Direction, But Participants Yearn for More
Various provisions under the SECURE 2.0 Act strongly resonate with employees amid considerable changes in retirement expectations, financial conditions and workforce demographics, but the findings of a new survey suggest that more can be done to promote retirement security. And even though nearly half (47%) of respondents believe they are on... Read More >>
Could Employer Contributions Actually Lead to Leakage?
I recently stumbled across an academic study that claimed to find a correlation between higher employer contribution rates and leakage. I will confess to a certain skepticism at that finding. There are, after all, a well-established series of things that contribute to leakage, broadly defined as distribution of retirement savings prior to... Read More >>
Customized Plan Education
Sponsored by MFS Investment Management. In light of the recent completion of PSCA’s Annual Signature Award competition recognizing retirement plan education and communication campaigns, we wondered how prevalent customized campaigns such as those submitted to program are. Forty-two percent of respondents stated they provide general/stock... Read More >>