"[T]he new rules create a process for non-priority group plans to request to be on the waitlist to apply for SFA. Requests to be on the waitlist may be made beginning at 9 am EDT on March 13, 2023. The request to be on the waitlist is separate from the lock-in option introduced in the final rule on SFA published in July 2022."  MORE >>

"According to the Treasury Department's description, the five-part retirement proposal would modify rules relating to retirement plans by preventing 'excessive accumulations by high-income taxpayers in tax-favored retirement accounts and make other reforms.' The White House estimates that these changes would raise $22.7 billion over the period 2024-2033."  MORE >>

"[T]he average account balance across all participant accounts finished at $280,099 for the fourth quarter ending December 31, up by 2.45% from the third quarter of 2022 and down 20.6% year-over-year.... Equities remained the largest holding at 31.3%.... Trading volumes were lower at an average of 9.6 trades per account compared to 10.6 trades per account in the third quarter and lower than a year ago."  MORE >>

"ESOP valuations are primarily driven by future cash flows and how those cash flows satisfy the return requirements of capital providers (lenders and shareholders). With this in mind, what are some of the overriding trends from 2022 and expectations for 2023 that could influence valuations for 2022 and into the foreseeable future?"  MORE >>

"Specific considerations include ... [1] Whether to maintain one clawback policy or multiple policies.... [2] Ensure that any new clawback policy covers all required compensation.... [3] Ensure that the board of directors and board committees are kept up to date on the clawback rule.... [4] Consider appropriate financial metrics for future incentive compensation.... [5] Keep the clawback rule in mind when entering into new agreements or implementing new compensation programs."  MORE >>