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News Archive

A “Not-so-Broke” Millennial Breaks Down Benefits Communications

Nevin Adams

At the recent Plan Sponsor Council of America’s National Conference, Erin Lowry, author of the “Broke Millennial” book series offered insights on better communication with younger workers. At the outset, Lowry explained the tensions that currently exist between Millennials and the demographic group behind them – Gen Z (as a side note, apparently... Read More >>

Overcoming HSA Barriers

Even though health savings accounts (HSAs) have been around for more than 15 years, plan sponsors – and participants – still encounter common barriers to effectively implement and utilize HSAs. At the recent Plan Sponsor Council of America’s National Conference, a panel comprised of plan sponsors and providers focused on the barriers to a more... Read More >>

Creating Engagement in a Virtual World

The pandemic has heralded and accelerated many changes—and that includes engaging with clients and imparting knowledge and information. An April 19 session of the Plan Sponsor Council of America’s 2021 National Conference addressed how to create engagement in an increasingly virtual world.    The session featured the insights of Sheri Fitts,... Read More >>

Two Former DOL Officials Speak

Participants in the recent Plan Sponsor Council of America’s National Conference recently got an opportunity few do – two former Assistant Secretaries of Labor from different administrations on the same stage. The session, moderated by former Congressman Harold Ford, Jr. (now with PNC), provided an opportunity to hear from Phyllis Borzi and... Read More >>

COVID a Year Later: The Impact on Plans and Participants

Profound and far-reaching changes took place just a little over a year ago. Panelists at an April 19 session of the Plan Sponsor Council of America’s 2021 National Conference took a look at what it all meant — and means — for retirement plans and participants.   The panel included Bradley Bonno, Director of Financial and Retirement Education... Read More >>

2022 HSA Limits Announced

The IRS has announced the 2022 contribution limits for health savings accounts (HSAs).  The trend of a $50 increase per year for single coverage and a $100 per year increase for family coverage continues. The annual contribution limit for single coverage will increase from $3,600 to $3,650; the limit for family coverage increases from $7,200 to $7... Read More >>

Congressional Leaders Call for GAO Review of TDFs

Nevin Adams

The Chairpersons of two of the leading retirement plan committees in Congress are calling for a review of…target-date funds. Sen. Patty Murray (D-WA), Chair of the Senate Committee on Health, Education, Labor & Pensions, and Rep. Robert Scott (D-VA), Chairman of the House Committee on Education & Labor, have written to the head of the... Read More >>

Ways & Means Committee Approves 'SECURE Act 2.0'

The bill, which builds on the 2019 SECURE Act and includes several provisions advanced by the American Retirement Association, now goes to the House floor for a vote. The House Ways & Means Committee approved the Securing a Strong Retirement Act of 2021 (SSRA) (H.R. 2954) (a.k.a. the "SECURE Act 2.0") on May 5 by a unanimous voice vote. Other... Read More >>

What’s in the New SECURE Act 2.0?

The “SECURE Act 2.0” legislation that the House Ways & Means Committee will mark up May 5 includes several new provisions, including those championed by the ARA, as well as changes to some of the existing provisions. Here’s a closer look. Committee Chairman Richard Neal (D-MA), along with the Committee’s ranking Republican, Rep. Kevin Brady (R... Read More >>

Q2 Off to a Good Start for the Average 401(k)

Nevin Adams

It’s been said that April showers bring May flowers, but April was mostly sunny skies for the average 401(k) balance. US stocks slipped back on the last day of the month, but that was from record highs. The S&P 500 rose 5.2% for the month – its best monthly increase since November 2020 (nearly 11%), while the Dow climbed more than 2.5%, and... Read More >>