Advertisement
News Archive
Participants Putting More Money in Workplace Retirement Plans, Taking out Less
Chicago (January 11, 2016) – During the market decline in 2008, many DC plan participants saw their retirement savings accounts drop significantly. Critics of defined contribution retirement plans used the opportunity to attack the private, employer-sponsored system. Though the system is not perfect, it has recovered and adapted, and so have plan... Read More >>
Press Release: 403(b) Plan Survey Reveals Lack of Clarity on Fiduciary Role
Of non-profit organizations that sponsor 403(b) retirement plans, only 60 percent are reviewing and evaluating the investment options in their plans, according to the latest 403(b) Snapshot Survey from the Plan Sponsor Council of America (PSCA) and sponsored by the Principal Financial Group®. That number falls to just 40 percent for sponsors of... Read More >>
2016 Pension Plan Limits Announced
Click here for the 2016 Pention Plan Limits. Read More >>
PSCA Submits Supplemental Letter on Definition of a Fiduciary
Click here to view the full letter. Read More >>
Richard McHugh Joins PSCA as Vice President of Washington Affairs
PSCA is excited to welcome Rich McHugh on board as its Vice President of Washington Affairs, effective as of September 1, 2015. Rich has been heavily involved with PSCA for more than 30 years and has worked closely with Ed Ferrigno, his predecessor, and Sam Murray, Ed’s predecessor. Rich will continue PSCA’s long tradition of being the voice of... Read More >>
PSCA Chairman Testifies at DOL Fiduciary Rule Hearing
Steve McCaffrey, chair of PSCA's Board of Directors, testified on behalf of PSCA members at the DOL hearing on the re-proposed fiduciary rule. Click here to view the full written testimony. Click here to watch a recording; Steve's testimony was part of panel 6. Read More >>
PSCA Comment Letter to the DOL on the Proposed Fiduciary Rule
Click here to view the full letter. Read More >>
Survey: Higher Contributions, Better Balances Among 403(b) Plans
Non-profit organizations that sponsor 403(b) retirement plans saw steady increases in participant contributions, leading to higher average account balances, according to the 2015 403(b) Plan Survey from the Plan Sponsor Council of America (PSCA). The seventh annual benchmarking survey of 403(b) plans, sponsored by the Principal Financial Group... Read More >>
PSCA Submits Letter in Suport of the RETIRE Act
PSCA submitted a letter in support of the RETIRE Act on June 30, 2015. Read More >>
Exclusive Interview: PSCA Chair Stephen W. McCaffrey Sees Challenges in Legislative Attempts "to 'Fix' an Un-Broken System"
From Fiduciary News Article on April 21, 2015: Do you know what much discussed product, recently endorsed by the US government and meant to help alleviate the "retirement crisis" was original brought up in the 1950s? And do you know how the PSCA responded six decades ago? In the wide ranging interview, McCaffrey offers glimpse at an often under... Read More >>