Advertisement
News
Plan Sponsor Discussion Groups
This quarter sponsored by: Nuveen, a TIAA company One of the most popular sessions at PSCA National Conferences is always the plan sponsor roundtables. Members report that the ability to talk to peers about plan issues and concerns (with no providers or advisors in the room) is worth attending the conference in itself. During COVID PSCA began... Read More >>
K-12 Plan Sponsor Responsibilities and Plan Stewardship
One of the most important—yet confusing—tasks a public school district has when sponsoring a 403(b) plan is understanding its administrative responsibilities and the best practices used to serve as a good steward of these plans. ERISA or Not? When determining your organization’s responsibilities, it is important to understand a public school 403(... Read More >>
ESG, Managed Accounts, Lifetime Income ... Oh My
This quarter sponsored by: Nuveen, a TIAA company Though we continue to hear about ESG funds, lifetime income products, and managed accounts in the industry, take-up rates by plan sponsors remain low. In an effort to continue to monitor plan sponsors interest in these three topics without over asking about the same items over and over, we asked... Read More >>
Tips for Choosing a Plan Administrator
Service providers take care of the nuts and bolts and fine details of running a retirement plan. So what are plan sponsors looking for in a third party administrator? A recent blog entry offers a look. In “10 Things to Look for in Retirement Plan Administration,” Kushner & Company suggests factors that plan sponsors and employers can consider... Read More >>
Death by a Thousand Cuts?
Editor’s Note: This is the first in a two-part series about service providers’ audits of clients and their plans. That’s what a first financial audit can feel like, says an industry expert. But it doesn’t have to. “Death by a thousand cuts. That’s what initial 401(k) and 403(b) audit clients fear their first financial statement audit will feel... Read More >>
New Study Shows Increased Debt Burdens for Retirees
A new study from the Center for Retirement Research at Boston College titled "What Are the Implications of Rising Debt for Older Americans?" delves into the growing debt trend among older Americans and its potential consequences. A key concern is that more older Americans are entering retirement with more debt than they're used to, jeopardizing... Read More >>
Are Plan Sponsors Jumping on the Auto Portability Train?
This quarter sponsored by: Nuveen, a TIAA company Several years ago, Retirement Clearinghouse (RCH) created a platform for automatically rolling over plan assets from one employer to another when a participant changes jobs. In 2019 they received DOL guidance allowing participants to be automatically enrolled in the program and SECURE 2.0... Read More >>
Citibank Receives ‘Groundbreaking’ DOL Retirement Plan Advisory Opinion
Citibank received a “groundbreaking Advisory Opinion” from the Department of Labor (DOL) regarding its Diverse Asset Manager Program and the ERISA plans it sponsors. More specifically, the law firm Thompson Hine said it secured Advisory Opinion 2023-01A on Citibank’s behalf. The DOL issued the opinion on September 29, 2023. It confirms that... Read More >>
Artificial Investment Advice?
This quarter sponsored by: Nuveen, a TIAA company With the rise of Artificial Intelligence (AI) there have been questions circulating in the industry about how/if/when AI will impact retirement plans – particularly with regard to advice from financial/investment advisors. Could AI change the way investment advice is delivered to participants... Read More >>
Employees Brace for Retirement Savings Hit as Student Loan Payments Resume
After a more than three-year pause, federal student loan borrowers are gearing up to resume repayments on Oct. 1, a halt initially imposed due to the COVID-19 pandemic. The impending resumption is stirring concerns among many Americans already strained by inflation and surging interest rates. Corebridge’s survey of over 2,100 federal student loan... Read More >>