Retirement

Expect a growing wave of innovation and adoption of in-plan retirement income solutions for 401(k) plans, reflecting the increased interest of plan sponsors, providers and participants, according to the Institutional Retirement Income Council.

A recent case clarifies a significant legal principle that owners of businesses that are obligated to contribute to multiemployer pension plans (MEP) must know.

Many 401(k) plan sponsors are overwhelmed by these legislative changes and the responsibility to implement new plan options, which is why some degree of outsourcing is recommended, according to Mercer.

The “Confident Conversations on Retirement” podcast hosts offer employers some tangible strategies to best equip their employees with the knowledge and insight they need to help navigate the complexities of retirement planning.

On Saturday, Congress passed the Social Security Fairness Act, a bill that has been decades in the making that now heads to Pres. Biden’s desk for approval.

The Retirement Simplification and Clarity Act, which would provide pre-retirees with a more streamlined process and flexibility to choose savings options right for them, was introduced on Capitol Hill yesterday.