Defined Contribution

Plan sponsors need to stay on top of the evolution of DC plan lineups that now include collective investment trusts and retirement income as investment options, according to a new Fidelity report.

One key area to watch is tax policy, since President Trump has been a strong supporter of extending and even making permanent tax cuts, which could potentially affect overall 401(k) growth, says Colonial Surety’s Richard Clarke.

Seven GOP-led states had filed suit against former President Joe Biden's SAVE student loan relief plan, arguing that debt cancellation should be addressed through legislation, and the judge agreed, saying “ that a taxpayer-funded bailout is blatant executive overreach."

SSA’s acting commissioner resigned over refusal to allow access to sensitive government records, however, she was quickly replaced by the manager in charge of SSA’s anti-fraud office, until Trump’s appointee to lead the agency, Frank Bisignano, is confirmed by the Senate.

The DOL’s ESG rule has been challenged since it took effect in 2023, but now a Texas judge has ruled that retirement fund managers may consider environmental, social and governance factors when choosing investment funds.

In Q4, significantly more participants increased their retirement contribution rate, led by younger generations – Gen X-ers contributed the most, but millennials saved the most, according to a new BofA report.