"A provision in the SECURE 2.0 legislation would cap the variable premiums paid by plan sponsors to the [PBGC] at 5.2% and end the policy of indexing them to inflation."  MORE >>

"Key provisions included that are effective upon enactment or January 1, 2023: [1] Increase Required Mandatory Distribution age ... [2] Reducing 50% penalty tax ... [3] Eliminate the 457(b) 'First day of the month' rule ... [4] Automatic disaster relief ... Key provisions included that are effective January 1, 2024: [1] Requirement that age-based catch-up contributions must be Roth ... [2] Authorize student loan payment matching ... [3] Addressing the need for emergency savings ... Key provisions included that are effective January 1, 2025, and beyond: [1] Older workers could make larger catch-up contributions ... [2] Expedite part-time workers' participation ... [3] Saver's match program ... [4] Mandatory automatic enrollment/escalation."  MORE >>

This article provides a chart summarizing all of SECURE 2.0"s provisions along with their effective dates.  MORE >>

13 pages. "The number of plans/strategies using [custom target date funds] and the assets invested in them continues to increase ... Period-over-period changes in asset allocation are primarily driven by reallocation due to glide path progression rather than tactical or strategic policy changes. However, there are a number of changes within the broad categories of asset classes worth noting[.]"  MORE >>

"A properly calibrated deterministic projection model will allow the actuary to provide results for metrics important to the plan sponsor while at the same time retaining the ability to vary assumptions ... [P]lan sponsors will want to quantitatively measure whether the proposed changes have the intended effect on their retirement programs."  MORE >>

"Review your investor policy statement.... Don't try to time the stock market.... Try dollar-cost averaging.... Determine if change is needed.... Know your retirement time horizons.... Take a holistic view of your retirement savings.... Leverage higher interest rates."  MORE >>

"[PBGC] has approved the application submitted to the Special Financial Assistance Program by the Toledo Roofers Local No. 134 Pension Plan. The plan, based in Toledo, Ohio, covers 431 participants in the construction industry.... PBGC's approval ... enables the plan to restore benefits suspended under the terms of MPRA and to make payments to retirees to cover prior benefit suspensions.... The plan will receive $19.1 million in SFA, including interest to the expected date of payment to the plan."  MORE >>

"[PBGC] has approved the application submitted to the Special Financial Assistance Program by the International Association of Machinists Motor City Pension Plan. The plan, based in Troy, Michigan, covers 953 participants in the manufacturing industry.... PBGC's approval of the SFA application enables the plan to restore benefits suspended under the terms of MPRA and to make payments to retirees to cover prior benefit suspensions.... The plan will receive $66 million in SFA, including interest to the expected date of payment to the plan."  MORE >>

"Congress earlier this month introduced the Retirement Savings for Americans Act of 2022 [HR 9462], which advances the idea of a national 401(k) plan.... Rather than replace the existing system, it would supplement it, by installing the 'American Worker Retirement Plan' in all companies that lack acceptable 401(k) plans.... [Its] contribution limit is a modest $6,000; it cannot be used by higher-income employees; and it does not provide an immediate tax benefit, as it is structured like a Roth IRA."  MORE >>