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Lawsuits, legislation & SECURE 2.0: Top compliance trends employers need to know

By Kristen Beckman

While litigation is not widespread, it's important for plan sponsors to look at operations and shore up practices since there was action on 43 defined contribution cases during the first quarter of 2023, according to Mercer.

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News

IRS proposed retirement plan rule: Sets deadline for using 401(k) plan forfeitures

Research

Fear not, plan sponsors: Boosting 401(k) auto-features actually increases participation

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Defined Contribution Stories

June 05, 2023

Vanguard fined $800K over statement errors for money market funds

The firm cited a "technical issue" in a letter of acceptance to the Financial Industry Regulatory Authority for overstating projections on customer statements for nearly a year and failing to quickly address customer reports.

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June 02, 2023

Is this a financial crisis? 4 in 10 retirement savers say yes, though generations diverge

While 38% of Gen X and 29% of baby boomer investors expect a prolonged period of severe downturn, 56% of Gen Z and 50% of millennials say they still expect to retire on time, according to the Nationwide Retirement Institute.

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June 01, 2023

Senate votes to undo Biden's $10,000 student loan debt forgiveness plan

The Senate has voted to repeal Biden's student debt relief plan, although the president has said he will veto the legislation if it reaches his desk. If so, the Supreme Court will have the final decision this month.

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June 01, 2023

Retirement at risk! Half of Americans won't be able to afford their standard of living

Millions of households will have to cut back on both luxuries and necessities in order to survive, according to The National Retirement Risk Index, which is based on the concept of income replacement.

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May 31, 2023

Closing the retirement savings gap: Employer offerings vs. workers' needs

Expanding retirement plan coverage so that all workers can save for retirement is key to improving retirement security, particularly small companies that can take advantage of SECURE 2.0's new provisions, says a new study.

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May 31, 2023

Financial wellness emergency! Workers spend hours a week at work grappling with finances

Employers should provide in-person group education meetings, as well as access to financial consultants and advisors to help employees make informed personal financial decisions, recommends a new survey.

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May 30, 2023

Collective investment trusts: House bill advances to allow lower-cost funds in 403(b)s

The House Financial Services Committee approved a bill that would permit CITs in all 403(b) plans to grant access to these lower-cost funds for nonprofit employees and public workers.

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Defined Contribution

Top Defined Contribution Stories

Lawsuits, legislation & SECURE 2.0: Top compliance trends employers need to know

IRS proposed retirement plan rule: Sets deadline for using 401(k) plan forfeitures

Fear not, plan sponsors: Boosting 401(k) auto-features actually increases participation

Recommended Just For You

Defined Contribution Stories

Vanguard fined $800K over statement errors for money market funds

Is this a financial crisis? 4 in 10 retirement savers say yes, though generations diverge

Senate votes to undo Biden's $10,000 student loan debt forgiveness plan

Retirement at risk! Half of Americans won't be able to afford their standard of living

Closing the retirement savings gap: Employer offerings vs. workers' needs

Financial wellness emergency! Workers spend hours a week at work grappling with finances

Collective investment trusts: House bill advances to allow lower-cost funds in 403(b)s