"The notice requests ... comments on ... [1] Eligibility for saver's match contributions; [2] How saver's match contributions would be claimed; [3] How the account receiving saver's match contributions would be designated; [4] The process for completing saver's match contributions; [5] Saver's match recovery taxes on specified early distributions; [6] Reporting and disclosure for saver's match contributions; and [7] How Treasury and the IRS could ensure that individuals know how to participate and receive benefits."  MORE >>

"Two Texas Federal District Courts have 'stayed' the effective dates of the DOL's new fiduciary regulation and related exemptions ... As a result, one-time recommendations to plans, participants and IRAs will not be fiduciary advice for purposes of ERISA and the Internal Revenue Code. However, one-time recommendations are regulated by the SEC for broker-dealers and investment advisers and by state insurance departments for insurance producers. This post discusses SEC and SEC staff guidance on recommendations to transfer IRAs."  MORE >>

"New Jersey employers with 25 or more employees that do not sponsor a retirement savings plan must establish a retirement savings program in the form of an automatic payroll deduction for those choosing to participate. Covered employers that do not sponsor a retirement savings program have until either September 15 or November 15 to enroll depending on the number of employees at the company."  MORE >>

"Lumen Technologies Inc. and its independent fiduciary, State Street Global Advisors Trust Co., are the latest targets in a litigation trend of filing complaints against pension risk transfers conducted with Athene Annuity and Life Co.... The $1.4 billion transaction involved offloading approximately 22,600 Lumen retirees and beneficiaries of Lumen's Combined Pension Plan to Athene through group annuity contracts. Athene is not named as a defendant in the lawsuit." [Dow v. Lumen Technologies, Inc., No. 24-2434 (D. Colo. complaint filed Sep. 4, 2024)]  MORE >>

"A lawsuit blaming Colgate-Palmolive Co. and other defendants for allowing a former employee's retirement account to be stolen has been settled, according to a brief notice filed Sept. 4 by a federal judge in New York. No terms were revealed, and the one-paragraph notice did not disclose which defendants are affected or for how much." [Disberry v. Employee Relations Committee of the Colgate-Palmolive Company, No. 22-5778 (S.D.N.Y. Sep. 4, 2024)]  MORE >>

"The SEC's enforcement of Reg BI appears to be a permanent addition to both its enforcement and examination programs. While the agency's early enforcement matters focused on technical violations of the regulation, its current priorities are more centered on substantive violations regarding specific products, conflicts of interest and compliance programs."  MORE >>

"[PSCA] asked members if they offer a [systematic withdrawal plan (SWP)] in their plan -- fewer than 20 percent of respondents indicated that they do (18.6%) with 17 percent unsure or unaware of SWPs. Though some of the 65 percent of respondents that do not offer an SWP think it is a good idea or are considering it, some have very specific reasons for not offering it or considering it."  MORE >>

53 pages. "[The authors] study the experience of seven different countries and develop a standard framework for understanding how various factors impact their retirement systems.... [The] goal is to identify the best ideas from the different countries and use these to develop an actionable template for the well-designed retirement system of the future.... [W]hile no retirement system is ideal, many countries have developed interesting solutions to the challenges posed by increasing lifespans, changing working patterns and the decline of traditional DB plans."  MORE >>

28 pages. "The points of view on the retirement challenge and the Retirement Bill of Rights that follow comprise a remarkable collection of data, insights and ideas that reflect cumulative decades of experience and deep expertise on the issues at hand. These retirement scholars and economists propose several possibilities for building a more adequate and equitable retirement security framework."  MORE >>

40 pages; employee benefits items begin on page 4.  MORE >>