Defined Contribution

This latest move, which is part of the administration's "relentless efforts to fix the broken student loan system," stems from fixes to the income-driven repayment plan and the Public Service Loan Forgiveness program.

The new legislation provides small employers with increased tax credits for new plans and offers reductions on both start-up costs and administrative burdens, yet 2 in 3 small businesses don't offer 401(k)s, says a new survey.

Generative AI has been extremely successful in financial services practices, with a large majority of advisors reaping the benefits of AI tools and programs, according to a new MDRT study.

After denying a request by financial groups to extend the public comment period for the new proposed rule, the DOL is now giving stakeholders a chance to make their case at a virtual hearing on Dec. 13 and 14.

Plan sponsors and advisors could face heightened scrutiny under the proposed fiduciary rule, however, they can learn more about the new regulation at a virtual public hearing next week or file public comments by Jan. 2, 2024.

Does it need an overhaul? Along with benefit plan amendment deadlines and implementation requirements, the turning of the calendar is a good time to reassess if benefits are robust enough to recruit and retain the best talent.