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PEP might get pepped with possible retirement plan change

The Ways and Means Committee approved proposals for portions of the reconciliation bill, among them a plan to strengthen retirement savings, which might be a boost for pooled employer plans (PEPs). The proposal would require employers that don’t...

Our finest hour

People will say that I often have a negative spin, regarding the retirement plan industry. I don’t. know if that’s necessarily true, I just think that my views are just unfiltered. I will say that based on this COVID pandemic and the resiliency of the ...

That 401(k) Conference came back live to St. Louis

That 401(k) Conference in St. Louis was finally held on September 10th. The event, originally sched...

Townsend joins DOL

Kathleen Kennedy Townsend joined the Department of Labor (DOL) to help advance state and federal eff...

DOL has always dropped the ball on disclosure

The Government Accountability Office (GAO) has found that 45% of plan participants are not able to u...

SBDA account balances are up

With the market up, it makes sense that self-directed brokerage accounts in defined contribution pla...

401(k) plans add Roth, but participants aren’t

About 75% of 401(k) plans allowed employees to save money in a Roth account in 2019, but participant...

Xerox hit with ERISA lawsuit

I’m old enough to remember when a photocopy and Xerox were considered the same. Xerox was a brand ...

40% of plan participants don’t know what their fees are, most of the other 60% also have no clue

According to the Government Accountability Office (GAO), about 40% of 401(k) plan participants don...

SEC Action on cybersecurity are just a harbinger of things to come

I’ve said it for a long time. It’s imperative that plan sponsors and plan providers wake up abou...