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President Trump Announces Retirement Initiative
Today, President Trump signed an executive order that is expected to prompt a number of improvements to America's voluntary, employer-sponsored retirement system. The President has directed the Department of Labor and the Treasury Department to make changes in three areas: New regulations that would encourage small businesses to join and... Read More >>
Tax Reform May Heighten Impact of NQDC Plans as a Retirement Benefit for Executives
An industry-leading benchmark study of non-qualified deferred compensation plans finds that such plans continue to provide a competitive edge in attracting and retaining key employees – an edge that could be sharpened by tax reform. That was among the key findings of the Plan Sponsor Council of America’s (PSCA), 2018 Non-Qualified Deferred... Read More >>
PSCA Featured in DC Dimensions
PSCA is featured as The Voice of the Plan Sponsor in the summer issue of DC Dimensions. This great article details PSCA's history as a leader and advocate for the employer-sponsored retirement system. As PSCA members you are part of that history, and our future, and we thought you would appreciate this perspective. Our thanks again to each and... Read More >>
PSCA Makes Recommendations for Missing Participant Guidance
The Plan Sponsor Council of America (PSCA), a part of the American Retirement Association (ARA), has submitted written recommendations for guidance on missing participants to several agencies including the Department of Labor (DOL), the U.S. Department of the Treasury, and Internal Revenue Service (IRS). PSCA provided this guidance in response to... Read More >>
PSCA 2018 Signature Award Winners Announced at National Conference
The Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), this evening announced the winners of its 2018 Signature Awards at a special presentation leading up to its 71st Annual National Conference, running May 1-2 in Scottsdale, Arizona. In addition, Cindy Hounsell, President of the Women’s Institute For A... Read More >>
PSCA Study Finds Roth Usage Doubled in Past Decade
Roth availability doubled in the last decade according to the Plan Sponsor Council of America’s (PSCA) 60th Annual Survey of Profit Sharing and 401(k) Plans. PSCA, part of the American Retirement Association, found Roth was offered in 63.1 percent of plans in 2016 compared to 30.3 percent in 2007. The Survey found that 7.2 percent of plans added... Read More >>
PSCA Survey Finds 403(b) Sponsors Need More Information on Their Plan Design, Including How Plan Expenses are Paid
Nearly one-third (30.9 percent) of 403(b) plan sponsors are unsure as to whether they use revenue sharing to pay plan expenses, according to the latest 403(b) Snapshot Survey from the Plan Sponsor Council of America (PSCA) and sponsored by Principal Financial Group®. Among the smallest plan sponsors – those with less than 50 participants – this... Read More >>
Plan Sponsor Council of America Joins American Retirement Association
The Plan Sponsor Council of America (PSCA) will join the American Retirement Association (ARA), under the terms of a combination agreement signed by the Board of Directors of both organizations. Effective Dec. 29, 2017, PSCA will become a membership division of the American Retirement Association, alongside the four other premier retirement... Read More >>
PSCA Member Alert: Tax Reform - 401(k)/403(b) Pre-tax Contributions Unaffected
One summary of the Tax Cuts and Jobs Act, HR 1, released this morning by the House of Representatives, Ways and Means Committee, states, in part: "...The Tax Cuts and Jobs Act makes no changes to the popular retirement savings options that Americans have today - including 401(k)s and Individual Retirement Accounts, or IRAs. Americans will be... Read More >>
PSCA Encourages Plan Sponsors to Raise Their Voices About Tax Reform
The Plan Sponsor Council of America (PSCA) encouraged its members and all plan sponsors to reach out to their legislators regarding their concerns about changes to retirement savings limits. PSCA’s recent survey of plan sponsors on the impact of tax reform, available here, found 90% are strongly or somewhat opposed the reduction of tax incentives... Read More >>