"Managing rising inflation is causing 54% of Americans to reduce or stop socking away retirement savings, according to a new survey by Allianz Life.... A separate survey ... found that about 18% of workers enrolled in employer-sponsored defined contribution plans have either decreased or stopped deferrals into the plan. That lower figure suggests workers enrolled through their employer -- whether part or full-time -- are more likely to stay at their set level of retirement saving, at least in their plans."  MORE >>

"More than a quarter of plan sponsors queried by Fidelity Investments said they were planning to introduce more managed account options into their fund lineup this year. Some plan sponsors are ... making managed accounts the qualified default investment alternative (QDIA) for some or all participants. Fully 87% of recordkeepers had managed accounts available on their platform, and another 7% planned to offer them in the next two years[.]"  MORE >>

"The court found in its order that the valuations establishing the sale price for the company stock purchased by the ESOP in 2006 and 2008 were based on a misrepresentation by TPP and Preston that control of TPP Holdings had been ceded to the ESOP, which improperly increased the stock's valuations. The court found the stock prices exceeded fair market value at the time of both the 2006 and 2008 transactions." [Walsh v. Preston, No. 14-4122 (N.D. Ga. Sep. 20, 2022)]  MORE >>

"[M]ost plans saw sharp losses for the year ended 6/30/22. However, ... the public DB plan returns for fiscal year 2021 were the strongest we'd seen for three decades.... 2022 will be remembered as one of the most painful years that public plans have witnessed, with the median plan's loss of 9.4% in the neighborhood of 2009's return ... Pairing 2021 and 2022 together brings the two-year annualized median gain to 7.1%."  MORE >>

"[1] Plan your spending in retirement.... [2] Check the spending plan ... for feasibility ... [3] Cover the present value of your planned essential expense spending with the present value of your non-risky investments.... [4] Maintain your Rainy-Day Fund at a comfortable level.... [5] Revisit [these] steps at least annually."  MORE >>

230 pages. "[These] final rules direct the national securities exchanges and associations that list securities to establish listing standards that require each issuer to develop and implement a policy providing for the recovery, in the event of a required accounting restatement, of incentive-based compensation received by current or former executive officers where that compensation is based on the erroneously reported financial information. The listing standards must also require the disclosure of the policy."  MORE >>

"[T]he clawback policy that will be required by the new rules and listing standards will require recovery of incentive compensation regardless of the culpability of the executive officer. In addition, the new rules and listing standards will mandate the clawback of incentive compensation received during the three-year period preceding the date the company is required to prepare an accounting restatement."  MORE >>

"Recovery of erroneously awarded compensation is required under the new rule regardless of any misconduct by an executive officer in connection with the error that triggers the restatement. In addition, the new rule prohibits issuers from indemnifying their current or former executive officers against the loss of erroneously awarded compensation. A listed issuer will be required to file its clawback policy as an exhibit to its annual report and to disclose certain information about compliance with its policy,"  MORE >>

"An important part of complying with IRC Section 409A is obtaining an independent business valuation to estimate the fair market value (FMV) of the company's common stock prior to the issuance of equity compensation.... [T]he failure to support the company's FMV can lead to significant tax consequences for the employee receiving the options."  MORE >>