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Employer Contributions Now Widespread in 401(k) Plans
Employer contributions are increasingly prevalent in 401(k) plans, according to an updated study. The BrightScope/ICI Defined Contribution Plan…
Troubled Multiemployer Pension Plans Get PBGC Bailout
Certain underfunded pensions plans are getting a boost, Labor Secretary Marty Walsh announced Friday. Specifically, roughly 200 troubled…
‘Fair COLA for Seniors Act of 2021’ Introduced in House
Social Security COLA change could boost benefits by using CPI-E, reflecting real senior expenses for fair cost-of-living increases.
Episode 28: Prospects for Effective Regulation in the Biden Administration with Consumer Federation’s Barbara Roper
Barbara Roper is an outspoken advocate for effective regulation to protect the public from predatory practices, and she’s…
DOL to Act on Credit Rating Use in 401k Fiduciary Decisions
Should credit ratings be used by fiduciaries when making investment decisions for retirement plans? As a result of…
A Target-Date Fund Recommendation to Congress
On May 6, 2021 Senator Patty Murray, D-Wash., Chair of the Health, Education, Labor, and Pensions (HELP) Committee,…
‘Lay Fiduciaries’ Are Managing Retirement Plans and It’s a Problem
There are 17.5 million men and women, including “lay fiduciaries”, who bear the legal responsibility for managing the…
8 Big Retirement Reform Bills Introduced in May
May 2021 was a particularly remarkable month for retirement reform legislation, with no less than eight bills being…
House Dems Reintroduce Bills to Promote ESG Retirement Investing
A quartet of Democratic Congressmen reintroduced legislation May 27 seeking to promote transparent, sustainable ESG investing—including within 401ks.…
A 401(k) Rollover Reckoning
Just before Christmas, the Department of Labor adopted a rule that reinstates the five-part test to determine what…