"Under the new law, the threshold drops from five or more employees to one or more employees [on December 31, 2025].... All California employers ... should consider whether a private plan can be designed to better meet their goals than the state run CalSavers. Those with under 5 employees, in particular, have time ... to discuss private plan designs that may be a better option before being subject to CalSavers."  MORE >>

"Here is an example showing the results of comparing seven plans for a small business. The owner was willing to spend on staff an amount equal to 5.0% of their total combined payroll.... The results show the differences that can be obtained from various plan designs. The best design for any given situation will vary depending on employee ages and salaries, as well as company objectives."  MORE >>

"[It] can be argued that lack of systems sophistication is the root of all other evils emanating from the payroll processor. For example, the movement towards effortless participation has employees no longer needing to opt-in. This can cause delays in transferring contributions if the payroll processor doesn't possess the software to manage this."  MORE >>

"The math tells you the Roth should be the preferred retirement savings alternative. There are, however, very good reasons why fewer people than you'd expect are using Roths.The most obvious reason is they can't."  MORE >>

"According to Charles Schwab's SDBA Indicators Report ... the average account balance across all participant accounts finished at $283,485 for the second quarter ending June 30, an 18.58% decrease year-over-year and a 14.62% decrease from the first quarter of 2022."  MORE >>

"[A] sample of U.S. state and local municipal defined-benefit public pension funds, which invest on behalf of almost 14 million of their working and retired participants across $3.4 trillion in assets, showed a higher rate of support for almost all of these 72 resolutions compared with support from general shareholders as well as ESG-focused funds."  MORE >>

"This report describes the views of international retirement representatives on policy options and trade-offs from account-based retirement savings reforms in other countries, intended to improve retirement security. These include [1] automatic enrollment of employees in retirement savings plans; [2] financial incentives for employees to contribute; [3] default plan options; and [4] plan flexibilities."  MORE >>

11 pages, 27 Q&As. "On August 25, 2022, the [SEC] adopted final rules implementing the 'pay versus performance' provisions of the Dodd-Frank Act. New Item 402(v) requires the disclosure of information that shows the relationship between executive compensation actually paid and the financial performance of the issuer ...[T]his set of Q&As [is intended to assist public company clients] in complying with these new disclosure requirements."  MORE >>