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Retirement Plans Newsletter

March 22, 2021

6 Jobs Today


[Guidance Overview]

SECURE Act's Safe Harbor for Lifetime Annuity Options Opens New Possibilities for Defined Contribution Plan Sponsors

"The SECURE Act safe harbor includes elements from the 2008 safe harbor, but changes some ... provisions, such as the requirement that the fiduciary appropriately conclude at the time of selection that the insurer could make all future payments.... There are a number of nuances and caveats related to the financial representations and the satisfaction of the safe harbor requirements."  MORE >>

Faegre Drinker

The DOL Is Focusing on Cybersecurity; Plan Fiduciaries May Want to Consider Doing the Same

"[T]he DOL could start such investigations -- and make adverse findings of fiduciary breach -- before it has issued guidance, which ... [occurred] with surprising regularity in its missing participant enforcement initiative.... As a starting point, ERISA plan fiduciaries may want to consider taking the immediate steps of reviewing service provider agreements[.]"  MORE >>

Morgan Lewis

How Annuities Can Fit Into a Fiduciary's Planning Process (PDF)

25 presentation slides. Topics: [1] The current state of annuity product types; [2] State of the market of DC annuities -- from a regulatory and operational perspective; [3] Products available and in development, Methods for evaluating annuities; [4] Determining when to include annuities in plan; [5] Placing plan annuities in context of broader financial planning; and [6] Predictions on how the institutional annuity space may evolve.  MORE >>

Broadridge Fi360 Solutions

1 in 5 Delaying Retirement Because of COVID-19

"[R]espondents [cite] the top reasons for the delay as a continued need for a monthly income (31%) and that the pandemic has impacted their ability to save (23%).... [O]ne in 10 retirement plan participants said the pandemic has actually caused them to retire sooner ... most often ... because of a pandemic-related change in perspective."  MORE >>

CalPERS Whittles Prospective CIO Pool to Three Before Calling Off Search

"CalPERS had whittled the number of finalists for its next CIO to three, but announced Friday that it has suspended the search without making an offer and will pick it back up in June."  MORE >>

Pensions & Investments

Brokerage Account vs. IRA and Which Should You Invest In?

"While you may be more comfortable having long-term retirement vehicles in an IRA or 401(k), investors who can identify their life goals and have an investing strategy can justify using both an IRA and a brokerage account -- getting the added benefits both services provide."  MORE >>

U.S. News & World Report

Employee Benefits Jobs

View job as DC Plan Administrator
for Strategic Pension Services, LLC View job as DC Plan Administrator
for Strategic Pension Services, LLC

DC Plan Administrator

Strategic Pension Services, LLC

Telecommute / Albany NY

View job as Trust Administrator
for Loren D. Stark Company (LDSCO) View job as Trust Administrator
for Loren D. Stark Company (LDSCO)

Trust Administrator

Loren D. Stark Company (LDSCO)

Telecommute / Houston TX

View job as Consulting Actuary
for Compensation Planning

Consulting Actuary

Compensation Planning

Telecommute / Warwick RI

View job as Retirement Education Specialist
for CUNA Mutual Group

Retirement Education Specialist

CUNA Mutual Group

Telecommute / NC / OH / TN / VA / WV

View job as Senior Plan Termination Specialist
for Nova 401(k) Associates

Senior Plan Termination Specialist

Nova 401(k) Associates

Telecommute / Houston TX / Dallas TX / Scottsdale AZ

View job as Trial Attorney (Labor)
for Plan Benefits Security Division, Office of the Solicitor, Department of Labor

Trial Attorney (Labor)

Plan Benefits Security Division, Office of the Solicitor, Department of Labor

Telecommute / Washington DC

Press Releases

Mayer Brown Strengthens ERISA Fiduciary Capabilities with Addition of Erin K. Cho

Mayer Brown

Aegon Appoints Will Fuller as President and CEO of Transamerica


Webcasts and Conferences

A Practical Guide to the Multiemployer Pension Provisions of the American Rescue Plan Act of 2021

March 23, 2021 WEBCAST

Groom Law Group

Last Issue's Most Popular Items

It's Time to Revisit Social Security's Early and Delayed Claiming Formulas


ARPA's Effect on Pension Funding


American Rescue Plan Act Provides Funding Relief for DB Plans


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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

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