by Market Cheetah | Apr 19, 2021 | Defined Contribution Plans, Fiduciary Duty, Human Resources, Retirement and Financial Planning
Investment advisors who encourage employees to roll over their 401(k) savings into an individual retirement account (IRA) must adhere to the “best interest” fiduciary standard, and do so from the first conversations about rolling over fund assets, according to new guidance from issued by the U.S. Department of Labor (DOL).
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by Market Cheetah | Apr 1, 2021 | Benefits, Defined Contribution Plans, HR Expertise, Human Resources, Retirement and Financial Planning, Retirement Benefits
SHRM Online spoke with the author of a new report, “The Peak 65 Generation—Creating A New Retirement Security Framework,” about the role annuities can play with, and within, employer-sponsored 401(k) plans to provide protected lifetime income.
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by Market Cheetah | Feb 11, 2021 | Defined Contribution Plans, Health Savings Accounts (HSAs), Human Resources, Retirement and Financial Planning
More than half of first-time health savings account (HSA) contributors reduce their 401(k) account savings rate, new research shows. This needn’t put their retirement security at risk if some of their HSA dollars are used for long-term savings.
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by Market Cheetah | Nov 21, 2020 | Defined Contribution Plans, Human Resources
Recently introduced with bipartisan backing, the Securing a Strong Retirement Act, dubbed Secure Act 2, would require employers to automatically enroll new employees in their workplace retirement plan, among other changes.
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by Market Cheetah | Nov 15, 2020 | Defined Benefit Plans, Defined Contribution Plans, Fiduciary Duty, Human Resources
Joe Biden’s administration is expected to differ from President Donald Trump’s approach to promoting retirement security, with a heavier regulatory hand, benefits advisors said. Biden also supports replacing 401(k) contribution tax breaks with flat-tax credits, among other changes.
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by Market Cheetah | Nov 15, 2020 | Defined Contribution Plans, Fiduciary Duty, Human Resources
In the coming year, benefits managers may find they’re being pitched to jettison their current 401(k) plan in favor of a pooled employer plan (PEP) shared with other employers. A Department of Labor final rule explaining how 401(k) service providers can register as a pooled plan provider clears the way for PEPs to get underway starting Jan. 1, 2021.
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