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Limiting Loans and HSW Money Sources
Sponsored by: MFS Investment Management How much access plans allow to retirement assets during employment through loans and hardships is variable and sponsors are often trying to strike a balance between allowing access in emergencies and preserving assets for retirement. Knowing that they can access their money during emergencies can often help... Read More >>
What Plan Sponsors Want (and Expect) from Advisors
What do plan sponsors want? What products and services do they feel are right for their participants? Importantly, what do they expect from the advisors with whom they engage? These questions and more were answered at an afternoon general session at the recent NAPA 401(k) Summit in Nashville, Tenn. Appropriately titled “What Do They Want? Ask a... Read More >>
Nominations Now Accepted for American Retirement Association’s 2025 Board of Directors
Nominations are now being accepted for the American Retirement Association’s 2025 Board of Directors. Elected at-large members of the Board of Directors serve for one term of three calendar years. Nominees must be nominated by at least two members to be considered. Submit a nomination today! Click here: https://usaretirement.wufoo.com/forms/ara-... Read More >>
Call for Guidance on Recordkeeping in the Electronic Age
Editor’s Note: This is Part II of a two-part series on a recent report by the Advisory Council on Employee Welfare and Pension Benefit Plans to Acting Secretary of Labor Julie Su. Part I is here. Recordkeeping has long been moving from paper-based to electronic. The Advisory Council on Employee Welfare and Pension Benefit Plans in a recently... Read More >>
OMB Concludes Fiduciary Rule Review, DOL Release Expected Soon
The White House's Office of Management and Budget (OMB) has completed its review of the Retirement Security Rule, and it is expected to be released by the Department of Labor (DOL) by the end of the month, according to reliable sources. The OMB concluded its review and removed the rule from its regulatory review dashboard on April 10. The news... Read More >>
Hours or Years?
Sponsored by: MFS Investment Management A question came up recently on a committee call about how plan sponsors calculate time for eligibility and vesting requirements – are they tracking hours, or using elapsed time (6 months, 1 year, etc.). One plan sponsor stated they had recently changed from calculating hours worked to elapsed time for ease... Read More >>
Recordkeeping in the Electronic Age
Editor’s Note: This is Part I of a two-part series on a recent report by the Advisory Council on Employee Welfare and Pension Benefit Plans to Acting Secretary of Labor Julie Su. Recordkeeping today is not your grandfather’s recordkeeping. Maybe not even your older sibling’s. So guidance and education from the Department of Labor (DOL) would be... Read More >>
Plan Sponsors Embrace Pension Risk Transfers
Reportedly, there has been a surge in pension risk transfer (PRT) activity—and plan sponsors' interest is part of the reason why. According to the U.S. Pension Risk Transfer (PRT) report Aon released March 20, there was sharp growth in PRT activity in the fourth quarter of 2023. And so far this year, they say, the U.S. pension risk transfer market... Read More >>
Are QLACs Getting a Closer Look by Plan Sponsors?
In recent years, there has been quite a bit of focus on lifetime income solutions and decumulation strategies, but in considering such solutions, a new survey finds that defined contribution plan sponsors may be taking a closer look at qualified longevity annuity contracts (QLACs). This comes as more Americans are reaching the traditional... Read More >>
Plan Sponsors Offer Tips for Retaining Retirees
Sponsored by: MFS Investment Management There have been some recent articles discussing how more plan sponsors are encouraging participants to keep assets in the plan, and a discussion as to whether plan sponsors have enough investment options geared specifically towards those participants. We asked about this issue a few years ago and at the... Read More >>