"Plan sponsors should be aware of the timing requirements for 401(k) plan amendments and have processes in place to ensure that the 401(k) written plan document is properly maintained and timely amended to comply with law."  MORE >>

"[1] [A] cyber security policy that sets out clear rules on the acceptable use of company computers and devices to keep information secure.... [2] [C]lear procedures for selecting plan investment alternatives and monitoring those choices (including fees) ... [3] [A] separate loan policy ... [4] [A] policy and procedure ... for locating missing participants and handling uncashed checks.... [5] QDRO procedures."  MORE >>

"[S]ome states are passing legislation that would prohibit the states from doing business with managers who invest based on ESG criteria. These anti-ESG state legislative efforts could complicate the use of ESG by public retirement plans and put retirement plan fiduciaries and providers of retirement plan investment products in a tricky spot, looking to bridge their fiduciary obligations with these new limitations. These legislative activities could also create challenges for investment providers seeking to simultaneously serve both public and private retirement plans."  MORE >>

"The percentage of calendar-year plans in the green zone increased to 77 percent in 2022, up from 72 percent in 2021. The average Pension Protection Act of 2006 funded percentage for all calendar-year plans increased to 92 percent in 2022, up from 89 percent in 2021.... Twenty-six calendar-year plans in the survey have already applied or are expected to apply for special financial assistance ... available under [ARPA.]"  MORE >>

35 pages. Syllabus for November 2022 Pension EA-2 (Segment F); May 2023 Basic (EA-1); and May 2023 Pension EA-2 (Segment L) examinations. Rev. July 25, 2022.  MORE >>

"[1] Workers, including those earning [low to moderate incomes], prefer no fees, no minimum balance requirements, and fast access to funds. [2] Incentives are valued by employees and can be leveraged by employers to encourage uptake. [3] A lack of emergency savings hinders workers' retirement plan participation. [4] Employers need to continuously and dynamically engage employees regarding their workplace financial benefits."  MORE >>

"Myth #1: A variable annuity is a suitable investment for a retiree ... Myth #2: Your money is safe ... Myth #3: Your fees are low ... Myth #4: Your income rider value is your cash value ... Myth #5: Your income rider is an efficient way to receive income for life ... Myth #6: Your lifetime income will go up after you turn it on ... Myth #7 Your family will always get the death benefit."  MORE >>

"The terms of five Council members expire at the end of this year. The groups or fields they represent are as follows: [1] Employee organizations; [2] employers; [3] the general public; [4] insurance; and [5] accounting.... Nominations must be received on or before [45 days after publication in the Federal Register, currently scheduled for August 19, 2022]."  MORE >>