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News Archive
Don't Lower Caps on Employee Retirement Savings
By Stephen McCaffrey, PSCA Board ChairmanAs published in Pensions & Investments on February 1, 2017. For many Americans, saving in a tax-qualified defined contribution plan such as a 401(k) or 403(b) is the best opportunity to create a financial nest egg for use in retirement. Each year, the IRS establishes the amount employees are permitted... Read More >>
PSCA Releases Results of 59th Annual Survey of Profit Sharing and 401(k) Plans
Employee Participation and Deferral Rates See Steady Increase; Participation up Five Percent Since 2010 Other Highlights: Nearly 90 percent of employees are eligible to participate in their employer’s plan Average percentage of eligible employees who participate in their plan is 87.6 percent Company contributions average 4.7 percent of gross... Read More >>
PSCA Reveals Results of Benchmark Survey of Non-Qualified Defined Contribution Plans
The Plan Sponsor Council of America (PSCA) today announced the results of its 2016 Non-Qualified Deferred Compensation Plan Survey, a follow-up to its 2011 study. This report is intended to provide insight into common and best practices, and to facilitate dialogue within the industry. It will also serve as the only independent source of plan... Read More >>
PSCA Launches Free Mobile Application
The Plan Sponsor Council of America (PSCA) today announced its rollout of a new mobile web app that provides plan sponsors and the retirement plan community at large with convenient access to information and resources related to qualified and non-qualified retirement plans. The PSCA Knowledge Center houses a selection of podcasts and content from... Read More >>
PSCA Engages Groom Law Group to Enhance its Washington, DC Lobbying Presence
The Plan Sponsor Council of America announced today that it has engaged Washington, DC-based Groom Law Group, Chartered, to provide lobbying services for the organization. Independent lobbying on behalf of plan sponsors and participants is a long-standing cornerstone among PSCA’s services to its members. Groom Law Group is the largest employee... Read More >>
PSCA Joins Comment Letter Regarding Proposed Form 5500 Revisions
PSCA joins the Investment Company Institute, The SPARK Institute, and the American Benefits Council to request a 90-day extesnion to the comment period regarding the proposed changes to the Form 5500 reporting. Click here to read the full letter. Read More >>
PSCA Study Finds Student Loan Debt May be a Barrier to Saving for Retirement
PSCA conducted a breif snapshot survey on how plan sponors are respondeing to the impact of student loan debt on retirement savings. Click here for the full report. Read More >>
PSCA Issues Analysis of DOL Fiduciary Rule
Click here for the full press release. Click here to download a PDF of the rule analysis. Read More >>
Final DOL Fiduciary Rule
The employer benefits industry has been waiting with bated breath for the issuance by the United States Department of Labor (the "DOL") final fiduciary definition rule under ERISA. That wait is now over. The final fiduciary definition rule was issued by the DOL today. The final rule, proposed over a year ago, requires retirement advisers to abide... Read More >>
PSCA Prepares for DOL Fiduciary Rule Announcement
The Plan Sponsor Council of America (PSCA) is preparing for the expected release of the Department of Labor’s final fiduciary standard definition. View the full press release. Read More >>