Below is a table providing descriptions and effective dates for the key provisions contained in the SECURE 2.0 Act of 2022, which was enacted Dec. 29, 2022, as part of the Consolidated Appropriations Act, 2023 (P.L. 117-328). Dec. 29, 2022, will now serve as the date of enactment (DOE), where... READ MORE

The Standard Insurance Company has announced a new stable value investment product—The APEX Series—that offers four fund options and competitive guaranteed rates through June 2023. The APEX Series expands on the firm’s existing stable value portfolio by offering returns that reflect the rising... READ MORE

We’ve just added a new resource page to NAPA Net about the SECURE 2.0 Act of 2022. This new page is your one-stop resource for information about the new legislation, which was enacted on Dec. 29, 2022. It includes links to the legislation and related legislative documents, our news coverage and... READ MORE

There are 92 provisions in the new SECURE 2.0 Act—and by at least one assessment, they are “almost universally good, with ‘good’ being defined as ‘helpful to the cause of promoting retirement security.’” Group Plan Systems’ Pete Swisher and Cherisha Chapman rank the Top 10 Impact Provisions—and Top... READ MORE

Confident about their careers and in their ability to achieve financial security, the nation’s youngest adults have a goal of retiring before they reach age 60, but that confidence comes with a few caveats, according to a new study.  Data from Northwestern Mutual's 2022 Planning & Progress... READ MORE

Americans saving for retirement through their defined contribution (DC) plan have largely stayed the course throughout 2022 even though their account balances have taken a hit. The latest ICI survey data for the first three quarters of 2022 of plans covering more than 40 million participant... READ MORE

The measure titled “Investment of Retirement Funds in Companies Contributing to Climate Change” was considered by Microsoft shareholders last week. Noting that “Microsoft uses BlackRock LifePath funds as its 401(k) Plan’s default retirement options, resulting in the vast majority of the $38... READ MORE

As the rising cost of living is beginning to affect participants’ ability to save, nonprofits are moving proactively to provide support, prioritize financial wellness tools and resources, and enhance participant education, according to the latest survey of 403(b) plans from the Plan Sponsor Council... READ MORE

Mariner Wealth Advisors announced that it will acquire San Jose, CA-based Hayes Financial, Inc. and its $325 million in assets under advisement. The acquisition—Mariner Wealth’s eighth deal to close in 2022—will establish the firm’s 11th office in California. Founded in 2008, Hayes Financial works... READ MORE