Tag Archives: corporateretirementplans

In 2023, the U.S. Department of Labor, Internal Revenue Service and Pension Benefit Guaranty Corporation issued final changes to how retirement plan sponsors must annually report critical information about their employee benefit plans under the Secure Act that was passed into law in 2021. These updates apply to employers’ annual reporting obligations for the 2023 […]

The pandemic and ensuing “Great Resignation” are accelerating an already concerning rate of leakage from employers’ 401(k) plans, negatively impacting both employers’ costs and plan participants’ retirement readiness. In this environment, it is especially critical for businesses to educate employees about the rules for early withdrawals and separations from service and the options available to […]

Consolidation of service providers in the 401(k) market can pose a significant risk to plan sponsors with a fiduciary duty to act in the best interest of plan participants and their beneficiaries. Consequently, employers must stay abreast of industry changes and be prepared to take action, especially when a merger or acquisition results in a […]