The Trump administration wants to give a shot in the arm to annuities in 401(k) plans by encouraging rules to make it more palatable for plan sponsors to offer such products. Please read the entire article here.
On October 18, 2017, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement related items for Tax Year 2018. Generally speaking, many of the pension plan limitations do not change for 2018...
The U.S. retirement system, and the workers and retirees it was designed to help, face major challenges. Traditional pensions have become much less common, and individuals are increasingly responsible for planning and managing their own retirement savings accounts,...
Selecting a prudent qualified default investment alternative (QDIA) is one of the most critical decisions for defined contribution (DC) plans. Research shows that the majority of assets in DC plans today are invested in the QDIA, and most of those assets are invested...
On October 4, 2017, Investment News published an article after interviewing Philip Chao regarding the fiduciary duty to monitor record keepers regarding their participant level distribution advice activities. Plan sponsors have a fiduciary duty to monitor service...