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Considering QLACs
Sponsored by: MFS Investment Management A recent article stated that plan sponsors are giving QLACs (Qualified Lifetime Annuity Contracts) another look as distribution options for retirees. Our most recent survey data shows 10 percent of plans currently offer annuities as distribution options. Whenever I see articles from provider sources stating... Read More >>
Retirement Plan Data and Details Take Center Stage at PSCA National
How are plan sponsors and participants doing in their efforts to achieve a successful and secure retirement for their working Americans? Plan Sponsor Council of America’s Research Director Hattie Greenan delivered frank statistics to a packed room in a pre-conference session at the PSCA National Conference in Salt Lake City on May 15, noting the... Read More >>
PSCA 2024 Signature Award Winners Recognized
The Plan Sponsor Council of America on May 16 announced the winners of its 2024 Signature Awards. It made the announcement at its 2024 National Conference. PSCA’s Signature Awards recognize education programs that embrace creative and innovative solutions to plan education, resulting in tangible positive outcomes. The PSCA Signature Award... Read More >>
A Fiduciary Rule Guide for Plan Sponsors at PSCA National
“We're going to kick it off with no one's favorite topic, the Department of Labor's recent fiduciary rule,” American Retirement Association’s Kelsey Mayo said at the outset of the May 16 morning general session at PSCA National Conference in Salt Lake City. “We are NOT going to drag you through all of the mini-gritty here. What we're going to... Read More >>
What’s Happening (or Not) in Washington: PSCA National
The opening general session at PSCA’s National Conference was an update on all things happening (or not happening) on the legislative and regulatory fronts impacting plan sponsors. The session was presented by PSCA Executive Director and Chief Government Affairs Officer for the American Retirement Association, Will Hansen, and Vikrant Arya,... Read More >>
A Call for SCOTUS Review of Controversial Excessive Fee Decision
A group of retirement industry groups has asked the United States Supreme Court to hear a case they say if “left undisturbed… has the potential to impact the orderly and efficient operation of every retirement plan in the country.” Filing an amicus (friend of the court) brief in support of the review by SCOTUS, the American Benefits Council, the... Read More >>
A Cybersecurity Audit Survival Kit: What Plan Sponsors Must Do to Pass
Since issuing its first cybersecurity guidance in 2021, the Department of Labor (DOL) has laid out what it expects plan sponsors to do. Plan sponsors should now do it. It appears that cybersecurity will be part of all DOL retirement plan audits, and clear to the agency which plans fall short. The work requirement to follow all the DOL’s... Read More >>
DC Pension Geeks: DOL’s Tim Hauser on the Final Fiduciary Rule’s Myths, Controversies
What's in the episode? Department of Labor Chief Operating Officer and senior staff member Tim Hauser joins American Retirement Association CEO Brian Graff for a comprehensive discussion of the myths, controversies and questions surrounding the final fiduciary rule, officially called the Retirement Security Rule. This frank and factual... Read More >>
DC Pension Geeks: The Data, Empirical Information Fueling the Final Fiduciary Rule
What's in the episode? Research and consulting giant Morningstar was cited over 40 times in the final fiduciary rule release, officially called the Retirement Security Rule. The reason was largely due to the data and information for which the company is known. Aron Szapiro, Head of Government Affairs with Morningstar, joins American Retirement... Read More >>
Plan Sponsor Pushes Back on Pension Risk Transfer Claims
A plan sponsor, charged with a fiduciary breach in its selection of a pension risk transfer (PRT) provider, is pushing back, moving to dismiss the suit. The motion to dismiss—filed on behalf of plan fiduciaries at Lockheed Martin—notes that “plaintiffs seek a novel ruling from this Court that a decades-old, common corporate practice violates... Read More >>