Following a two-day planned meeting where the organization discussed its priorities for the year, the committee has named a new president and chief operations officer.
Secretary of Labor Marty Walsh also testified in Congress that President Joe Biden’s budget must be implemented to protect workers’ retirement security.
One reason lifetime income options are important for plan sponsors to explore is that many individuals underestimate how long they will live in retirement.
Backers of the bill say it will improve retirement security by creating additional protections for workers and retirement savers at all stages of their retirement timelines.
From shifting compliance deadlines to growing debate on ambitious retirement reform legislation, there is a lot happening in the nation’s capital for retirement plan fiduciaries to be aware...
Attorneys say plan sponsors have a couple of strong incentives to identify and correct any compliance failures upon receiving a pre-audit letter under a new IRS program.
Experts discussed what procedures plan sponsors can put in place and how to encourage participants to do their part in keeping data and accounts secure.