The Biggest Retirement Plan Leakage Triggers and Costs for …
Mar 18, 2022 · The U.S. Government Accountability Office issued a report to the Senate Special Committee on Aging in 2021 that showed plan participants ages 25-55 withdrew $9.8 billion from retirement plans and did not roll over into another qualified plan or individual retirement account. Costs to participants from cash distributions include tax ramifications.
Ameritas Introduces Two Retirement Plan Choices
Dec 17, 2020 · Ameritas is introducing two retirement plan choices to help plan participants reach their financial goals: the Ameritas GPS platform and a 403 (b) platform. The enhanced Ameritas GPS offers participants with an open architecture platform to build a tailored retirement plan. Participants can select specific services and investments to address ...
DOL Updates Guidance on Audit Independence Rules
Sep 2, 2022 · The U.S. Department of Labor has issued new guidance for retirement plan fiduciaries, technically referred to as Interpretive Bulletin 2022-01, that addresses the rules about audit independence that apply to retirement plans governed by the Employee Retirement Income Security Act. Want the latest retirement plan adviser news and insights?
Choice and Simplicity - PLANADVISER
Sep 15, 2020 · The AUL Stable Value Account (SVA) is a group fixed annuity, issued by American United Life Insurance Company® (AUL), a OneAmerica company, One American Square, P.O. Box 368, Indianapolis, IN 46206-0368, 1-800-249-6269. Investing involves risk which includes potential loss of principal. BlackRock, flexPATH Strategies, LLC, and …
State 401(k) Mandates May Cause ‘Crowd-In’ Effect, Boosting …
Aug 22, 2024 · State retirement plan mandates that offer state-facilitated auto-IRAs may be creating a “crowd-in” effect causing more small employers to offer private market 401(k) plans to their employees, according to a recent paper released by the National Bureau of Economic Research.. By analyzing tax information from employers in four states with mandated …
JP Morgan Launches TDF With Guaranteed Income Annuity
Aug 15, 2024 · J.P. Morgan Asset Management announced on Thursday a retirement income investment leveraging a target-date fund with a guaranteed annuity payout in retirement. The firm’s SmartRetirement Lifetime Income TDF is designed to provide a stream of income payments in retirement through annuities from participating insurance companies, according to ...
PLANADVISER 360 | PLANADVISER
Join your colleagues and friends for an afternoon of fun at the PLANADVISER 360 Golf Tournament! 12:30 p.m. | Tee-off. 5:30 p.m. | Awards and Cocktails. The fun continues at Brittlebush Golf Club when PLANADVISER 360 kicks-off with a Welcome Party! Enjoy food, drinks and fun and grab a group for a quick game of glow golf on the practice green!
Reporting and Disclosure Requirements for Non-ERISA Plans
Mar 24, 2014 · The checklist also makes mention of special reporting requirements for nonqualified top-hat retirement plans if there are unfunded. The information presented in the checklist reflects reporting and disclosure requirements in effect as of January 1, 2014, according to Prudential. A copy of the compliance checklist for non-ERISA plans can be ...
Interim IRS Guidance Published on Student Loan Matching Payments
Aug 19, 2024 · The Internal Revenue Service published guidance Monday to assist plan sponsors providing or planning to provide matching contributions based on employees’ qualified student loan payments. The IRS published Notice 2024-63, which uses a question and answer format, to illustrate the rules for employers with 401 (k), 403 (b) and governmental 457 ...
Unpacking New Use of 529s to Invest in Roth IRAs - PLANADVISER
Aug 23, 2024 · First, the Roth IRA must be maintained for the benefit of the beneficiary of the 529 account. This ensures that the savings continue to benefit the original intended recipient. Additionally, the 529 account must have been open for at least 15 years at the time of the rollover, satisfying a “15-year rule.”. Another important stipulation is ...