close

401(k) leakage is a big deal

The Treasury and Congress’ Joint Committee on Taxation have provided new estimates of how much. Money is “leaked’ out of 401(k) plans and Individual Retirement Accounts. Leakages come from three withdrawal sources: cash-outs when participants change ...

EBSA pick back on track

President Biden’s nominee to lead the Employee Benefits Security Administration (EBSA) appears to be back on the docket. The Senate Health, Education, Labor and Pensions (HELP) Committee has now scheduled a hearing nomination of Lisa Gomez to serve as As...

Don’t forget Cycle 3 restatements

With 2022 here, don’t forget about Cycle 3. This “Cycle 3” restatement means that all...

EBSA pick stalled

While Lisa Gomez’s nomination passed a Senate committee hurdle, her nomination to lead the Employ...

Changes to 5500 reflect PEP requirements

The Department of Labor’s Employee Benefits Security Administration (EBSA) released their final r...

Employers offering Roth is way higher

The numbers of employers allowing Roth 401(k) savings have dramatically increased. The percentag...

Default rate is higher

The Plan Sponsor Council of America through their annual survey has indicated is that 3% is no long...

DOL changes mind on private equity investments

The Department of Labor (DOL) ‘clarified’ a 2020 DOL letter on private equity...

Retirement plan assets dip in Q3

Quarter 3 of 2021 was a little choppy and retirement plan. Assets show that. Total U.S. retireme...

Nokia sued over 401(k) plan

Nokia of America is one of the latest employers hit with a class-action lawsuit over the fees in it...