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Education Retirement Plans May 'Graduate' With Pooled Plans
Higher education institutions frequently encounter various obstacles, particularly in assisting faculty and staff with retirement planning. Transamerica's 2023 survey on higher education indicates that pooled retirement plan solutions could be a viable strategy for these institutions as they navigate the complexities of retirement preparation. The... Read More >>
Sometimes You Have to Slow Down to Speed Up - WiR Third Thursdays
Listen on iTunes | Listen on Spotify | Listen on Google Podcasts November Episode Description: Sponsored By: PenChecks COO Alexandra Gerritsen has been a hard charger her entire career, delivering exceptional performance for her employers. Her journey was full of eye-opening “Oh S@%$” moments that impacted her growth as a manager and leader... Read More >>
Two steps forward…
And two steps back, or so the saying goes. That is certainly true of a system that is impacted by the ups and downs of the economy and the whiplash of a changing regulatory environment. This year’s recently released 66th Annual Survey shows both the steps forward and back that retirement plans took in 2022. Plan contributions dipped across the... Read More >>
Navigating the New Age of Retirement Services
Laying the foundation for long-term financial stability means more than the traditional approaches to saving for retirement. How can one meet the needs of participants as well as work together to add value and seize opportunity? Experts and industry leaders offered perspectives in recent panel discussions at the SPARK Forum concerning ways to... Read More >>
Another Erroneous 8955-SSA Notice Issue (and What to Do About it)
We wrote in August about a system error that resulted in a significant number of plan sponsors receiving erroneous penalty notifications related to Form 8955-SSA. After raising the issue with the service, they sent a newsletter informing sponsors that no action was needed for anyone who received the 8955-SSA late filing letter dated before Sept. 1... Read More >>
AI in HR
This quarter sponsored by: Nuveen, a TIAA company A PSCA member recently shared that they use AI for plan enrollments, that a virtual person walks new hires through the enrollment process. We wondered how prevalent this was and if other companies are employing AI in other areas of HR management, particularly with some of the administrative... Read More >>
Automating HSA Enrollment
PSCA recently released its 2023 HSA Survey, their fifth annual benchmarking survey of Health Savings Account (HSA) programs offered by employers that offer a High Deductible Health Plan (HDHP) for employees. The survey, sponsored by HSA Bank, reports on the 2022 year-end data from more than 500 employers. The trends over the last five years show... Read More >>
In Defense of Fixed Indexed Annuities
At an elaborate White House ceremony on October 31, President Biden unveiled the Department of Labor’s long-awaited proposed retirement security rule. The proposal is, among other things, another attempt by the Employee Benefits Security Administration (EBSA) to update the 1975 regulatory definition of investment advice under ERISA. The American... Read More >>
Impact of Student Loan Repayments on Retirement Savings
This quarter sponsored by: Nuveen, a TIAA company During the pandemic, certain populations – namely those that were able to pivot to work from home and whose industries were not impacted by the shutdown – saw an increase in savings rates across the board, including retirement savings. One of the things the government did to help those workers... Read More >>
Why ARA Supports DOL’s Proposal to Modernize the Regulatory Definition of Investment Advice
It will ensure that advice given to plan sponsors with respect to plan investments under any and all circumstances is required to comply with the fiduciary standards of ERISA. The mission of the American Retirement Association—since it was founded in 1966—is to expand and strengthen the employer-based retirement plan system so that working... Read More >>