AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Bates & Company, Inc.
|
Compass
|
Regional Vice President of Sales The Retirement Plan Company
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
First State-Run Auto-IRA Plan Is Working, But Why Do Some Business Groups Want These Programs to Fail? (PDF)
David E. Morse, via Benefits Law Journal [Opinion] Dec. 4, 2017
"Oregon's first two pilot programs have enabled 1,000 employees in mostly micro and small businesses to set aside $200,000 in retirement savings in just a couple of months. The employee opt-out rate is around 30 percent; low enough to show the program is being well-received but high enough to show that those not wishing to save have had no trouble disengaging.... Among the other legal objections ... is that automatic enrollment in any payroll withholding IRA, even with advance notice and an easy opt-out, is merely voluntary but not 'completely voluntary' for the employee, as required by the 1975 DOL safe harbor."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |