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An annual 401(k) plan benchmarking report finds that the top five industries with the best plans continue to outpace the competition for the third year in a row.   Judy Diamond Associates’ fourth annual 401(k) Plan Benchmark Report, which tracks the overall performance of plans by industry and... READ MORE
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings plans. We bring Case of the Week to you to highlight the most... READ MORE
New data shows that the average balances for self-directed brokerage accounts bounced back from the sharp losses seen at the end of 2018.   According to Charles Schwab’s latest SDBA Indicators Report, which analyzes investment trends from 137,000 retirement plan participants who currently invest... READ MORE
The House of Representatives is moving forward with its promise to approve the Setting Every Community Up for Retirement Enhancement (SECURE) Act during the month of May. On May 21, the House approved on a party-line vote the so-called “rule” for the SECURE Act (H.R. 1994) – a key procedural... READ MORE
Consensus is a part of who we are as a people. But voices offering new ideas that challenge accepted mindsets are also part of who we are. And that applies to the discussion concerning retirement savings and preparedness as much as it does for anything else. There was lively debate in the May 15... READ MORE
Disqualification of an expert witness “is a drastic measure that courts should impose only hesitantly, reluctantly, and rarely.” Thus begins a rebuttal to an attempt to disqualify well-known ERISA attorney Marcia Wagner as an expert witness in an excessive fee case. The plaintiffs in the case,... READ MORE
I was late to the Game of Thrones – and though its final season seems a bit “rushed” – there has been plenty to not only watch, but mull over in its eight-season run. And yet, as the series wound to a close on Sunday night, I kept thinking there were some lessons for retirement amidst the mayhem... READ MORE
When it comes to living a comfortable retirement and having enough money to retire, workers throughout the world share many of the same concerns, according to a new global survey.  The most frequently cited retirement concerns are declining physical health (50% global and 44% U.S.) and running out... READ MORE
As the Memorial Day holiday (and, as tradition holds, summer vacation, generally) approaches, it’s time once again to pick the best song(s) about retirement. We’ve done this for several years now – and each year has brought together a different playlist. So, as you crank up the tunes – in your car... READ MORE
The 2019 Advisory Council on Employee Welfare and Pension Benefit Plans, a body that provides support and advice to the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA), has said that it will be reviewing transfers of uncashed checks from ERISA plans to state unclaimed... READ MORE
There has been a lot of litigation in recent months alleging excessive fees and an imprudent reliance on proprietary funds by asset manager’s own 401(k) plans. But a new study finds some interesting differences in plan design and participation. The findings are captured in a recent white paper... READ MORE
Demand for environmental, social and governance (ESG) strategies is strong among investors and research supports the case for integrating ESG factors into the defined contribution investment decision-making process, yet the industry still appears hesitant, according to two new reports.  In “... READ MORE
Is there a retirement crisis or not? House Budget Committee members and experts who testified before the committee on May 15 did not agree. But at least they did concur on one thing: the need to take action to bolster the retirement readiness of those who are not well prepared. Testifying before... READ MORE
Changes that don’t have anything to do with retirement might undermine bipartisan support for retirement security legislation. House Majority Leader Steny Hoyer (D-MD) late last month had announced that the House planned to take up the Setting Every Community Up for Retirement Enhancement (SECURE... READ MORE
The IRS recently made it easier (and less costly) to fix certain operational issues without the need for an IRS filing or payment of a user fee – but will this have an impact on current usage? The vast majority (84%) of this weeks’ respondents said their plan sponsor clients that needed to, did... READ MORE
NAPA Founding President Marcy L. Supovitz has been named to the ERISA Advisory Council, which advises the Labor Department on policies and regulations regarding ERISA plans. The 15-member council (formally titled the Advisory Council on Employee Welfare and Pension Benefit Plans) provides advice... READ MORE
If you think you’ve had a bad week, just remember – it could have been worse. Check out what happened to these guys (and gals)…  In Key West, Florida, Shonta Bolds, 36, was arrested and charged with assault with a deadly weapon… after an unnamed man reportedly began taking video of her… so, what... READ MORE
MassMutual announced that it is introducing a new workplace student loan repayment and management program as part of a broader financial wellness initiative. The program will be available to employers through Tuition.io, which will provide two levels of support for student loan indebtedness – both... READ MORE
Another excessive fee suit settles just ahead of its scheduled trial date. In the latest such settlement, SEI Investments Co. struck a deal that would resolve allegations that the firm filled its 401(k) plan with expensive and poorly performing funds that earned fees for the company and its... READ MORE
Bipartisan legislation to create a new federal commission that would study and recommend ways to improve Americans’ retirement security has been reintroduced in the Senate. The Federal Retirement Commission Act, reintroduced May 14 by Sens. Todd Young (R-IN) and Cory Booker (D-NJ), would charge... READ MORE
The pressure to spend because of social media envy and the desire to not be left out of friends’ experiences apparently is leading to some bad financial habits, according to new survey results.  Schwab’s 2019 Modern Wealth Survey finds that more than one-third of Americans admit their spending... READ MORE
Beep! Beep! Beep! Monday, 5:00 a.m. It’s cold and dark outside. I lace up my running shoes and head out the door sluggishly. One mile complete – and guess what, it was terrible. My lungs are burning, it’s still dark, and I’m cold. Running is just not my thing.  Tuesday, 6:00 p.m. I fight rush... READ MORE
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings plans. We bring Case of the Week to you to highlight the most... READ MORE
Members of the Senate Finance Committee expressed hope May 14 that Congress would move quickly to approve the long-pending Retirement Enhancement and Savings Act (RESA) before moving to the next round of broader retirement savings reforms.  “I’m hoping that the House will send its version of RESA... READ MORE
Picking up where they left off in the last Congress, the bipartisan duo of Sens. Rob Portman (R-OH) and Ben Cardin (D-MD) reintroduced their comprehensive “Retirement Security and Savings Act” on May 13.  The 132-page bill includes more than 50 provisions designed to strengthen Americans’... READ MORE

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