Retirement Trends

As of July 1, participation in Delaware EARNS is required by law for all employers, with five or more employees, who do not offer a qualified retirement plan.

The Republican-led state attorneys general oppose a Department of Labor rule that permits environment, social and governance factors to be considered when when selecting investments for clients.

At a 3-day meeting, retirement experts encouraged the Council, which advises the DOL, to recommend that qualified default investment alternatives (QDIAs) become more prevalent in defined contribution plans.

SECURE 2.0 is creating new opportunities for plan sponsors and participants to realize the benefits of lifetime income solutions, as well as catch-up contributions to get an employee's retirement savings back on track.

Retirement planning advice is the first step toward improving retirement readiness, namely, how to invest, how much to save, when to retire and the role an annuity can play as part of a retirement plan, according to a TIAA report.

After a Senate committee requested feedback on ways to allow independent workers access to retirement plans, the American Benefits Council responded with a 5-point plan that includes access to pooled employer plans.