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

A session at last week’s Plan Sponsor Council of America 2021 National Conference addressed engaging with clients in an increasingly virtual world.    The session featured the insights of Sheri Fitts, CEO and founder of Sheri Fitts & Co., and  Marita Yancey, Senior Benefits Director of... READ MORE

The DOL's Employee Benefits Security Administration issued guidance April 14 on cybersecurity best practices for recordkeepers, plan sponsors and fiduciaries, participants and beneficiaries. EBSA has issued regulations on electronic records and disclosures to plan participants and beneficiaries in... READ MORE

The IRS is delaying the deadline by which 2020 contributions to IRAs and Roth IRAs must be made until May 17, 2021. The terms of the delay are specified in IRS Notice 2021-21, issued March 29. The IRS took the action in light of the March 13, 2020 emergency declaration issued by President Trump... READ MORE

The Government Accountability Office has added its voice to those that highlight the critical importance of cybersecurity, but they go one better. In a new report, they call on the Department of Labor  to set minimum standards for mitigating cybersecurity risks and to formally state whether it is a... READ MORE

Three states have programs up and running to make retirement plan coverage available to those whose employers do not offer it. So where do they stand? A recent report provides a look.  The Center for Retirement Initiatives at Georgetown University’s McCourt School of Public Policy in a Monthly... READ MORE

Nine independent TPAs have formed a new partnership, the Cerrado Group. The 501(c)6 consortium made the announcement on March 1.   According to the partnership’s website, the Cerrado Group was established to offer “a new approach” to retirement plan design, reporting, compliance and administration... READ MORE

The Oklahoma legislature is considering a measure that would make the Sooner State one of the next to provide a state-run retirement plan for employees whose employers do not offer a plan.  The Oklahoma Prosperity Act was introduced in both chambers on Feb. 1. The House of Representatives version... READ MORE