Cyber criminals are creative and resourceful — and they’re not just after bank accounts. Industry experts in a recent webinar cautioned that retirement plans are in their sights as well.  “Retirement plans are being attacked in the ways that banks have been,” warned John Rosenburg, Information... READ MORE

Legislation that could affect retirement plans is pending on Capitol Hill—the midterm elections loom and its remaining weeks after that will be a “lame-duck” session. But that may not spell doom for those bills, suggested American Retirement Association CEO Brian Graff at the Oct. 3 opening session... READ MORE

Franklin Templeton announced Sept. 13 that it is moving its 403(b) business to PCS Retirement’s Aspire 403(b) platform. Aspire is a division of PCS Retirement and is the largest independent recordkeeper serving K-12 retirement plans in the United States. To date, says Franklin Templeton, most 403(... READ MORE

The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA ) on Sept. 6 announced that it is extending the public comment period on a proposed amendment to its Class Prohibited Transaction Exemption 84-14, also known as the Qualified Professional Asset Manager (QPAM) Exemption... READ MORE

It may not be the first in this instance, but the First State has joined its sisters that provide retirement plan coverage to employees whose private-sector employers do not. Gov. John Carney (D) on Aug. 18 signed into law H.B. 205, the measure that creates the Delaware Expanding Access for... READ MORE

The IRS on Aug. 3 announced in Notice 2022-33 that it is extending the deadline for amending a retirement plan to reflect the provisions of Section 2203 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Section 2203 concerns a waiver of required minimum distributions (RMDs). ... READ MORE

Proponents of automatic features for DC plans have long argued that they boost participation and savings rates, and a recent study confirms that belief.  “Automatic enrollment in employer‑sponsored 401(k) savings plans has transformed the way that millions of Americans save for retirement,” say... READ MORE

We’ll pass on that, the U.S. Supreme Court said when asked to review a ruling on a challenge to the legality of CalSavers, California’s state-run retirement plan for private-sector employees whose employers do not offer one. Congress should take the hint, suggests a recent analysis, and let the... READ MORE

The American Retirement Association (ARA) in a May 25 comment letter has made recommendations to the IRS concerning the proposed required minimum distributions (RMD) regulations issued in February 2022, including that the IRS delay the effective date of the regulations when they are in final form... READ MORE