Tag Archives: corporateretirementplans

Earlier this year, the U.S. Department of Labor, Internal Revenue Service and Pension Benefit Guaranty Corporation issued final changes to the ways in which retirement plan sponsors must annually report critical information about their employee benefit plans in according with the Secure Act that was passed into law in 2021. These updates apply to employer’s […]

The IRS released its annual cost-of-living adjustments for retirement savers in 2023, increasing the contribution limits and income eligibility requirements in the new year. One week previously, the Social Security Administration announced an 8.3 percent increase in Social Security and Supplement Security Income benefits, which it expects will help retirees weather higher consumer prices and […]

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 […]