NEW BETHLEEM – After several months of discussions and meetings, an agreement regarding extracurricular fundraising requirements has finally been reached between officials of the Redbank Valley school district and the district sports promotion organization. At their regular meeting Monday night, Redbank Valley School Board members approved the Sports Facilitator ContributionRead More →

About a year ago, the Trump administration tightened the rules that dealt with ESG investments as “suspect” in pension plans. The DOL added new language continuing to reinforce the idea that ESG blurs the line between what is acceptable and non-compliance with the fiduciary standard. However, that is about toRead More →

An interim legislative committee is considering whether the civil service pension plan should become a “defined contribution” plan. Currently, it is a “defined benefit” plan. But the current plan has an unfunded liability. And the committee will examine the possibility of requiring new recruits after January 1, 2024 to joinRead More →

Receive instant alerts for news on your actions. Claim your 1-week free trial for StreetInsider Premium here. WESTLAKE, TX – (BUSINESS WIRE) – Schwab Retirement Plan Services, Inc. was ranked the highest for overall satisfaction in the JD Power 2021 US Retirement Plan Digital Satisfaction Study. Charles Schwab’s Also rankedRead More →

WESTLAKE, TX – (BUSINESS WIRE) – Sep 30, 2021– Schwab Retirement Plan Services, Inc. was ranked highest for overall satisfaction in the 2021 US JD Power Retirement Plan Digital Satisfaction Study. Charles Schwab also ranked # 1 in the Large segment. plans in the JD Power 2020 (equality) and 2019Read More →

Realogy Holdings Corp. and The Platinum 401k, Inc., a pension outsourcing resource, recently announced the establishment of the SPARK Members Pooled 401 (k) pension plan. Available exclusively to all United States real estate agents affiliated with Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran®, ERA® and Sotheby’sRead More →

New Common 401 (k) Retirement Plan Now Available for U.S. Real Estate Agents Registered with SPARK Association of Real Estate Professionals MADISON, New Jersey, September 28, 2021 / PRNewswire / – Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in United States, and Platinum 401k,Read More →

Insurance agents Robert Andrew Lotter and Charles Albert Major have been charged with multiple counts of securities fraud offenses with aggravated white collar abuse and financial abuse of seniors after allegedly defrauding employees of the California school system with high-risk investments. According to an announcement by the California Department ofRead More →

Tuesday, September 21, 2021 The IRS recently updated its “Employee Plan Compliance Resolution System” (EPCRS). For your information, the EPCRS is a correction program administered by the IRS for plan sponsors to correct certain errors in pension plans. The EPCRS has three different components: the self-correction program, the voluntary correctionRead More →

The IRS recently updated its “Employee Plan Compliance Resolution System” (EPCRS). For your information, the EPCRS is a correction program administered by the IRS for plan sponsors to correct certain errors in pension plans. The EPCRS has three different components: the self-correction program, the voluntary correction program and the auditRead More →

Hughes v. Northwestern Univ. n ° 19-1401,953 F.3d 980 (7th Cir. 2020),cert. allowed, 2021 WL 2742780 (US July 2, 2021) Oral argument scheduled for December 6, 2021. Problem: Are allegations that a defined contribution pension plan paid or charged its members a fee that significantly exceeded the fee for theRead More →

The individual audit requirements in the recently proposed federal regulations on the filing of consolidated group retirement plans cast doubt on whether workplace plans are joining forces. Benefits lawyers and pension plan sponsors who hoped the 2019 legislation allowing groups of similar plans to file single, consolidated government disclosures wouldRead More →

Nowadays, almost everything – and everyone – is online, including pension plan members. Members can use their plan’s websites or online portal to do just about anything – enroll (or opt out), make or change contribution choices, select or change investment options, request distributions, etc. It is not surprising thatRead More →

United States: On the Horizon – New Pension Design Opportunities! Meet: “Securing A Strong Retirement Act Of 2021”, Aka “SECURE 2.0” September 13, 2021 Bryan Cave Leighton Paisner LLP To print this article, simply register or connect to Important legislation is being drafted in the House that promises toRead More →

Lifetime income disclosure requirement. The Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”), enacted on December 20, 2019, added a new annual disclosure requirement for benefit reports to members and beneficiaries. The new disclosure obligation applies to all defined contribution plans covered by ERISA (forRead More →

On July 16, 2021, the IRS issued Revenue Procedure 2021-30, an updated version of the Employee Plans Compliance Resolution System (“EPCRS”). Pension plan sponsors can use the EPCRS to correct certain compliance errors and avoid the adverse tax consequences associated with plan exclusion. We have provided a summary of theRead More →

In the wake of the Setting Every Community Up for Retirement Enhancement Act (SECURE) of 2019, there is currently broad bipartisan support in Congress for additional pension legislation providing incentives to increase employee retirement savings. . The House and Senate have drafted essentially similar bills that are being drafted inRead More →

Friday, June 4 marks the day the Presidential Coordinating Commission on Climate Change decides its position on South Africa’s Nationally Determined Updated Contribution (or NDC, a plan highlighting actions, targets, climate policies and measures to be implemented in response to climate change, and as a contribution to the achievement ofRead More →

BALTIMORE, June 1, 2021 /PRNewswire/ — T. Rowe Award (NASDAQ-GS: TROW) has developed a new framework to help sponsors of defined contribution (DC) plans evaluate retirement income solutions for members to meet the changing needs of retirees. The valuation framework is intended to allow plan sponsors to tailor their DCRead More →

A bill allowing workers to make student loan repayments while their employers make matching contributions to their defined contribution accounts was reintroduced in the Senate on Thursday. Under the Pension Parity Act for Student Loans, employers are allowed to make matching contributions to workers’ 401(k), 403(b), and SIMPLE and governmentRead More →

(Photo: Shutterstock) The COVID-19 pandemic has had a noticeable impact on higher education institutions and their employees, and as a result, pension policymakers are looking to bolster their financial wellness plans to help employees feel more in control of their finances. Additionally, as plan sponsors seek to reduce complexity andRead More →

(Photo: Shutterstock) More than three-quarters — 77% — of Americans believe all workers should have access to a retirement plan, study finds National Institute on Retirement Security. Two-thirds believe pensions promise a more secure retirement than the ubiquitous 401(k) plan. Americans’ support for retirement is not surprising given the currentRead More →

As many people struggle to overcome the financial setbacks caused by the COVID-19 pandemic, more employers are focusing their efforts on helping employees improve their financial well-being and save for the future. . An October 2020 study from the Employee Benefit Research Institute reveals that more and more employers areRead More →

Dragon Capital VietFund Management, a Ho Chi Minh-based fund management company, has launched Vietnam’s first private sector retirement savings vehicle. The defined contribution plan, with government tax incentives for employees and employers, offers savers three fund options: a relatively high risk 50-50 split between stocks and bonds, a mix ofRead More →

The US Department of Labor (DOL) has unveiled an interim final rule (the “Lifetime Income Disclosure Rule”) that adds a new lifetime income disclosure requirement for administrators of defined contribution plans (for example, plans covered by Section 401 of the Internal Revenue Code (Code) (k) or Section 403 (b) ofRead More →

Earlier this year, we discussed the lifetime income disclosure requirement included in the Every Community Establishment for Retirement Enhancement Act of 2019 (the “SECURE Act”). When the disclosure requirement takes full effect, the benefit statement issued by each defined contribution plan governed by ERISA must include lifetime income illustrations andRead More →

Earlier this month, the U.S. Department of Labor (“DOL”) issued a newsletter confirming the widely held view that private equity can be small components of diversified investment portfolios managed by professional funds, such as target maturity funds and balanced funds, offered to participants in 401(k) plans and other defined contributionRead More →

Related practices and jurisdictions Since the start of the COVID-19 pandemic, we have received daily calls and emails from our customers asking how leaves, layoffs, the CARES Act and a host of other pandemic-related changes are affecting plans. benefits they offer to their employees. These conversations inevitably lead to theRead More →

Houston Methodist will change the insurance of 26,000 hospital system employees from UnitedHealthcare to Cigna, one of the nation’s largest insurers – the latest move in a protracted battle between one of Houston’s largest hospital systems and UnitedHealthcare. On Monday, Houston Methodist announced that it will cover its employees throughRead More →