Defined Contribution

Beginning May 5, the department will begin collection on student loans of the 5 million borrowers now in default, and soon, the department will begin wage garnishment, after giving borrowers a 30-day notice.

While the official IRS announcement will come later this year, the contribution limit for retirement accounts will likely increase from $23,500 to $24,500 in 2026, according to a new Milliman report.

The index was designed to spark a national conversation, shine a light on the areas where Americans are falling short, and provide a roadmap for workers and employers to take action, according to IRALOGIX.

The Department of Labor has requested an additional 60 days so that it can consider next steps in regard to two court challenges to its controversial fiduciary rule, which has been on hold since last year.

The telecom giant is one of the latest employers to get sued for using forfeited plan funds from departed employees to pay administrative expenses, in violation of ERISA duties.

Now more than ever, America can tackle the retirement industry’s most pressing challenges while serving small employers and communities of color and supporting advisors and providers in order to give every worker a shot at financial security, says a new report.