How Sponsors Can Harness DC Plan Data for Better Outcomes
View Their Paper Conceived as supplements to pension plans, defined contribution (DC) plans have taken center stage in the retirement industry. That has led stakeholders (i.e., plan sponsors, consultants, investment managers, and policymakers) to continue to push for an evolution of the core investment menu. Much of the discussion about DC plan design has focused […]
Rapid Shift to Working from Home Increases Cybersecurity Risks
Takeaway: DC plan sponsors and other organizations should be careful to remind employees and plan participants of proper cybersecurity practices in a time of increased cyber vulnerability. Background: With much of the U.S. workforce engaging in social distancing and isolation best practices, we have seen a shift to working remotely at an unheard-of pace. Additionally, there is […]
The Changing Face of Retirement
The face of retirement is shifting. Gone are the halcyon days of shuffleboard, “early bird” specials, and lounging by the pool. Many retirees now mix work with leisure
The Supreme Court Decides Not to Decide
The U.S. Supreme Court has an unusual number of Employee Retirement Income Security Act (ERISA) petitions before it in the 2019-20 term.
Key DC Plan Limits for 2020
The IRS has announced the updated retirement plan limits for 2020. Here are the notable limits for defined contribution (DC) plans: The annual contribution limit will increase from $19,000 to $19,500. The age 50 annual catch-up contribution limit will increase from $6,000 to $6,500, the first increase since 2015. The annual compensation limit will increase […]
DC Plan Hacks: Tips for an Efficient Design
View PDF To best serve employees, defined contribution (DC) plans need to evolve to meet the changing needs of the workforce and respond to the shifting regulatory landscape. For instance, the Baby Boom generation may require a greater focus on decumulation strategies, while the Generation X cohort may need more savings options, and those in […]
IRS Provides Further Tailwinds to Open MEPs
The IRS has released proposed regulations that would relax the existing “bad apple rule,” which has been one of several impediments to open multi-employer plans (MEPs), which are defined contribution (DC) plans shared by more than one employer. The bad apple rule stipulates that the tax-qualified status of all the plans within an MEP could be revoked […]
2019 DC Trends Survey
Defined contribution plan sponsors are continuing their intense scrutiny of fees, according to Callan’s 2019 DC Trends Survey, while also adding participant communication and financial wellness as top priorities for this year