Defined Contribution

In a year when more Americans than ever are turning 65, employees aged 55-65 are feeling more apprehensive about retirement than in previous years, according to Nationwide survey.

The ERISA Industry Committee seeks clarity, on behalf of their employer members, on implementing key provisions in SECURE 2.0, including matching student loan contributions, auto-enrollment and 401(k)s for long-term, part-timers.

A group of Republican lawmakers urged the Education Department in a letter to nix its grand-scale bailout, which would provide even greater student debt relief than an earlier attempt struck down by the Supreme Court.

The contruction firm is being sued over the fees retirement plan participants paid after being defaulted into managed accounts, which were "essentially expensive target-date funds," according to the ERISA lawsuit

Retirees may prefer a Non-Guaranteed Retirement Income Payout over guaranteed income options due to flexibility and lower costs, according to the Institutional Retirement Income Council.

Employers can "match" contributions for student loan payments to 401(k)s or offer auto-enrollment in an emergency savings account for participants, who could make contributions up to $2,500.