"This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates ... and the 24-month average segment rates ... [as well as] the interest rate on 30-year Treasury securities ... as in effect for plan years beginning before 2008 and the 30-year Treasury weighted average rate[.]"  MORE >>

"IRS recently noted in Q&As on the 403(b) preapproved plan program's second remedial amendment cycle....that 403(b) plan documents submitted for preapproval must include provisions on the computation period and allocation formula for a discretionary match. This likely means that, going forward, all employers using preapproved documents for their defined contribution (DC) plans -- 403(b) and qualified -- should expect to specify these terms in newly adopted documents."  MORE >>

"Plan sponsors also should consider performing periodic internal compliance reviews to confirm that all applicable requirements are being satisfied. ... Corrective actions will be significantly less expensive for a plan sponsor that self-identifies errors.... [P]lan sponsors may begin to see an increase in IRS auditing, thanks to the Inflation Reduction Act[.]"  MORE >>

"As an Employer, you must register your business as having a qualified retirement plan, as the program officially launches in 2023. Whether you opt into the Colorado Secure Savings plan or offer your own plan that qualifies, you need to notify the state by using your access code and registering on the Colorado Secure Savings website."  MORE >>

"Communicating retirement concepts to plan participants through clear, jargon-free language may be more dependable and effective than using imagery ... Retirement plan participants may respond in more optimal ways and be prompted to act through customized messages tailored to specific generations[.]"  MORE >>

"Although average account balances have decreased, the data suggests retirement savers continue to focus on the long-term: total 401(k) savings rates held strong, the number of IRAs on Fidelity's platform continued to increase, and the percentage of employees with 401(k) loans remained low for a sixth consecutive quarter."  MORE >>

"Integrating actuarial and investment management for your pension plan's governance enables you to optimize your funding levels and move forward with less volatile results.... Market conditions are incredibly favorable for any de-risking activity related to the recent increase in rates: Now may be the time to lock in some of these funded status gains, and at the same time hedge that liability exposure prospectively by reallocating the fixed income assets to a liability driven investment (LDI) portfolio."  MORE >>

"2022 will be the largest year ever for the US PRT market at an estimated $55 billion in total market volume. This is significantly larger than 2021's record of $38.1 billion and is mainly driven by the jumbo transactions that continue to come to market, the largest being IBM's $16 billion2 lift-out in Q3."  MORE >>

"The Older Workers and Retirement Chartbook shows the risks to retirement security and disparities in retirement preparedness, and explores the links between labor market challenges facing older workers and retirement insecurity."  MORE >>

"IRS just announced the new tax brackets for 2023, and while the same seven tax rates in effect for the 2022 tax year still apply for 2023, there were quite sizeable changes in the width of the income ranges for the various brackets....[It] may be advantageous for your client to compare his 2022 tax bracket to his anticipated 2023 tax bracket when considering the timing for a Roth conversion."  MORE >>

"A proposal by the [SEC] to alter the way open-end funds operate could have a detrimental impact on retirement savers if implemented. [U]nder this requirement, an order to purchase or redeem a fund's shares would be executed at the current day's price only if the fund, its designated transfer agent, or a registered securities clearing agency receives the order BEFORE the pricing time as of which the fund calculates its net asset value (NAV). That would be a significant change from current practices that permit that receipt by a qualifying intermediary -- like a recordkeeper."  MORE >>

"Victims of Illinois severe storm and flooding occurring between July 25 and 28, 2022, now have until February 15, 2023, to file various individual and business tax returns and make tax payments ... [I]ndividuals and households affected by the severe storm and flooding that reside or have a business in St. Clair county qualify for tax relief."  MORE >>

"How do you know what benefits to offer? ... The benefits all generations want ... Health and family planning benefits by generation ... Financial planning benefits by generation ... Work-life flexibility and training benefits by generation."  MORE >>