How Does SECURE 2.0 Affect The Due Date for SECURE and CARES Act Plan Amendments?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Tag: SECURE Act
Employers Have Enhanced Well-Being Programs, Not Added Annuities
Employers have embraced 401(k) plan benefits changes for 2023 but have avoided certain enhancements provided by the original SECURE Act.
Congress Passes SECURE 2.0
The sweeping retirement reform will usher in both short- and long-term efforts to expand retirement savings to more Americans.
A Time For Plan Sponsors To Complete 2022 Year-End Amendments and Operational Compliance
Late November means Thanksgiving and colder temperatures, and for retirement plan sponsors—detailed in blog post by Groom Law Group—the time...
DOL Clears Question over Plan Sponsor PEP Member Responsibility for Fidelity Bonds
The department Labor replied with information for the SECURE Act amendments to ERISA that relate to the bonding requirements under...
Annuities Gain Steam as Part of Target-Date Funds
Cerulli retirement research shows consultants favor TDFs with guaranteed income for plan sponsors’ lifetime income options.
Benefits |
Aon PEP Passes Assets Milestone
Aon has accumulated $1billion in plan assets and commitments since it launched the pooled employer plan.
Wilmington Trust Launches CIT Onboarding Tool
The tool for employer-sponsored plans seeks ‘democratization’ of the use of collective investment trusts.
Social Security Fears Drive Early Benefit Claims
Schroders finds that almost half of workers surveyed have no strategy to generate retirement income.
Products |
Dated Thinking May Be Holding Back Annuities
Rising interest rates and increased market volatility could drive plan sponsors to take a fresh look at incorporating annuities.
IRS Updates Life Expectancy Tables for Retirees
The tax and spending watchdog has changed the defined contribution account withdrawal rules for retirement plan participants.
Mega DC Plans Nudge Workers to Increase Savings
The 50 largest Northern Trust Asset Management plan sponsors are using auto-escalation to boost savings, but they are not focused...
Department of Labor Announces Final Form 5500 Changes
The changes to Form 5500 for defined contribution and defined benefit plans are modest.
Small Employers Are Showing Interest in PEPs
Among plan sponsors with fewer than 100 workers, interest in pooled employer plans has begun to take shape.
Retirement Plan Appreciation Remains High
However, survey data shows there are some areas where employers could improve their communication strategies to optimize plan utilization and...
Industry Support Voiced for LIFE Act’s Introduction in House
Financial services companies and retirement plan industry advocacy groups are rallying behind the legislation, which would allow plan sponsors to...
Finalized Form 5500 Changes Add Little to Plan Sponsors’ Responsibilities
While plan sponsors will need to ensure the form contains accurate data, many of the proposed changes to the 2021...
DOL Publishes Informational Copies of 2021 Form 5500
Among other notable changes, the Form 5500 instructions have been amended to make clear that a pooled employer plan is...
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage
Among other things, the RISE Act would encourage retirement savings by allowing plan sponsors to offer small financial incentives to...
DOL Asks for Comments on Proposed Changes to Form 5500
The agency—which says the revisions are needed to implement provisions of the SECURE Act—has also published a notice of proposed...