The increased prevalence of DC plans has heightened the importance of portability and the rules and circumstances affecting it, says a recent analysis that addresses common questions that arise as a result.  Portability is sometimes regarded as an impediment, the Institutional Retirement Income... READ MORE

Both participation and contributions generally were higher among older age groups, according to two new reports from the Congressional Research Service (CRS). The CRS says it issued the reports, on contributions to defined contribution plans and individual retirement accounts, in response to... READ MORE

The Connecticut Retirement Security Authority (CRSA) has announced the launch of a pilot of MyCTSavings, the state-run retirement savings program intended to provide coverage for private-sector employees whose employers do not offer them a plan. The pilot program is slated to begin in September. ... READ MORE

Which is better? It depends! That’s the verdict from an industry insider who compared and contrasted the two in a June 29 session at the 2021 NTSA Summit, the annual conference of the National Tax Deferred Savings Association.  “A vexing issue,” said Mark Heisler, CEO of ADMIN Partners, LLC, of... READ MORE

The IRS  announced June 24 that it is extending for a year temporary relief from the physical presence requirement for participant elections that must be witnessed by a plan representative or a notary public. The relief comes in Notice 2021-40 and is in response to the continuing COVID-19 pandemic... READ MORE

Rollovers from defined contribution plans to IRAs increased by more than 12.6% in 2020, according to a recently released study.  The Secure Retirement Institute estimates that rollovers from DC plans to IRAs totaled approximately $623 billion in 2020, up from the $565 billion transferred in 2019.... READ MORE

The Pine Tree State is poised to become the latest state to offer a state-run retirement plan to provide coverage to those whose employers do not offer a plan.  The Maine House of Representatives and Senate both passed LD 1622, An Act To Promote Individual Retirement Savings through a Public-... READ MORE

Traditional approaches to finance and investment have had their day, said experts in a recent PSCA webinar, arguing that behavioral finance has changed the equation.  In “Investment Menu Design that Improves Retirement Readiness,” Matthew Gnabasik, Connie Mulligan and Neal Smith suggest that new... READ MORE

Pre-retirement withdrawals—often referred to as “leakage” from retirement accounts—are allowed under certain circumstances, subject to certain penalties or additional taxes. The Joint Committee on Taxation (JCT) recently issued a report to Congress summarizing its efforts to better understand... READ MORE