"Plan sponsors should make sure they are tracking information on all employees, including part-time employees, and supplying it to their service providers.... Consider any plan design changes that may make administration easier. Will you use the plan's current eligibility age provisions, or default to the statutory age 21 for LTPTs? Should you allow all employees to make elective deferral contributions immediately, but limit employer contributions to only those with at least 1,000 hours?"  MORE >>

"The impact of the CARES Act ... Determine the missed Required Minimum Distribution ... Adjustment for earnings and multiple missed RMDS ... Excise tax and form ... Special IRS action: Notice 2022-53 ... The correction for missed RMDs."  MORE >>

Infographic.  "Total damages (2010-2022): $1,110,434,468 ... 43% of cases settled or resolved at trial, 38% are still unresolved.  Only 11% have had a dismissal."  MORE >>

"This FAQ is intended to help employers and employees in deciding whether to offer or utilize Roth contributions. It summarizes the differences between pre-tax and Roth contributions, how to avoid taxation on Roth distributions, and who may be the best candidates for Roth contributions."  MORE >>

"[1] Minimum required contribution (CB and DB).... [2] Maximum deductible contribution (CB and DB).... [3] Contribution under an old funding method (mostly traditional DBs).... [4] Amount needed to bring assets in line with account balances (CB).... [5] The hypothetical allocations for the year (CB).... [6] Amount needed to bring funded ratio to a certain level less than 100% (CB or DB).... [7] Amount needed to bring PBGC variable-rate premium to $0 (CB or DB).... [8] Amount needed to achieve some tax goal (CB or DB)."  MORE >>

"[R]esults suggest that even the naive diversification achieved through the 50/50 combinations dominates the stand-alone options from a distribution of outcomes perspective. Plan sponsors building white label options typically use more sophisticated approaches, combining multiple high conviction strategies with deliberate weightings to pursue desired risk levels, portfolio exposures and expected returns."  MORE >>

"According to the initial class action complaint, London-based Aon allegedly replaced nine of the plan's 10 mutual fund options with its suite of collective investment trusts just two months after becoming a plan fiduciary. The CITs selected, according to the complaint, had been in place for three years, which the plaintiffs alleged was not enough time to report sufficient performance to be seen as the best option for participants."  MORE >>

34 pages. "In 2022, the Social Security Administration's (SSA's) Office of the Chief Actuary (OCACT) estimated that, over the long-range projection period (the next 75 years), the elimination of the RET in 2025 for all beneficiaries would have a relatively small positive effect on the solvency of the Social Security Trust Funds. This is primarily due to the fact that the increases in permanent early retirement reductions for entitlement at age 62 are projected to outweigh the increases in benefit entitlements." [R41242 updated May 10, 2023]  MORE >>

"Trust fund holdings -- about $2.83 trillion in U.S. Treasury securities in 2022 -- represent funds dedicated to pay current and future Social Security benefits. The effective interest rate earned on all obligations held by the trust funds in 2022 was 2.4%; the average interest rate on new special issues was 3.0%. The trust funds earned approximately $66.4 billion in interest in 2022, representing 5.4% of Social Security's total income."  MORE >>

"Social Security's projected long-range funding shortfall is driven largely by demographic factors.... [T]he ratio of workers paying into the system to support each beneficiary is estimated to fall from 2.7 in 2023 to 2.4 in 2034.... Policy proposals to address Social Security's projected funding shortfall typically include a combination of revenue increases and benefit adjustments."  MORE >>

12 pages. "[1] Overpayments ... [2] Exemption for certain automatic portability transactions ... [3] Eliminating unnecessary plan requirements related to unenrolled participants ... [4] Pension-linked emergency savings account ... [5] Retirement savings lost and found ... [6] Information needed for financial options risk mitigation ... [7] Employee ownership."  MORE >>

"With more and more workers expecting remote work opportunities, in-office perks are less in demand than employer flexibility on hybrid working.... [T]he apparent 'perkcession' appears more like a correction, cutting back the excess and keeping those benefits that are most valuable."  MORE >>

"While a majority of younger workers consider traditional benefits (such as paid time off, medical, and retirement savings plans) very important, they also prioritize non-traditional benefits, including flexible work schedules, emergency savings benefits, tuition reimbursement, and financial, mental and health wellness programs."  MORE >>