"Although [Notice 2024-63] applies to 2025 and later plan years, it can be relied upon for employer QSLP matching contributions made on or after January 1, 2024.... In general, similar rules apply to QSLP matching contributions for employers who sponsor a SIMPLE IRA plan as for those employers who sponsor 401(k), 403(b), and governmental 457(b) plans."  MORE >>

"When managing retirement plans, the choice between daily and balance forward recordkeeping is an important consideration. Both methods have their advantages, but many modern-day plans are shifting towards daily recordkeeping for its distinct benefits. Here we look at the differences between the two, the potential advantages of daily recordkeeping, and what a transition process might look like."  MORE >>

"[It's] important to know the different roles of providers within a retirement plan.... This can get increasingly complex if you offer more than one plan.... Once you understand the roles and responsibilities within a plan, you can explore the benefits of potentially consolidating providers into just one or two organizations that can streamline the operations for your plan."  MORE >>

"[1] Help employees put plans in place.... [2] Employ business practices.... [3] Adjust the office environment.... [4] Be flexible about venue.... [5] Offer a retirement plan."  MORE >>

"Consultants and advisers rated a simple, systematic withdrawal capability as the most appealing strategy to deliver income to retired participants, reflecting a 'near-term focus' on supporting plan sponsors in facilitating regular, repeatable and predicable income ... Survey results pointed toward a preference for a multi-asset, total portfolio solution that includes a retirement income component."  MORE >>

"The needs and desires of the plan sponsor typically dictate the specific arrangement, which is predicated upon the subject of risk mitigation versus risk avoidance. Some plan sponsors want assistance with their fiduciary responsibilities but want to maintain discretion and control of their plans' investment menus. Others want to shift responsibilities to a third party due to their lack of expertise, and concern regarding liability exposure."  MORE >>

"The House passed a bill package to bar retirement plan fiduciaries from considering environmental, social and governance factors when making investment decisions.... [T]he Roll Back ESG to Increase Retirement Earnings Act, or RETIRE Act [HR 5339] ... which was part of the package passed Sept. 18, calls for reverting back to a [DOL] rule that stipulated that ERISA plan fiduciaries cannot invest in 'non-pecuniary' vehicles that sacrifice investment returns or take on additional risk."  MORE >>

14 pages. "This report provides data on the percentage of U.S. workers who have access to, and who participate in, employer-sponsored pension plans.... The data also classify access and participation rates by the average wages of workers' occupations and the number of employees at workers' places of employment." [R43439 updated Sep. 18, 2024]  MORE >>

"[I]ndividuals and businesses in Pennsylvania that were affected by Tropical Storm Debby that began on Aug. 9, 2024 ... now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.... [I]ndividuals and households that reside or have a business in Lycoming, Potter, Tioga, and Union counties qualify for tax relief."  MORE >>

"[PLR 202434006] allowed a choice [among] ... [1] The 401(k) plan; [2] A Retiree Health Reimbursement Arrangement (HRA); [3] The employee's HSA account; or [4] An Educational Assistance Program to pay off student loans.... [T]he IRS agreed to these four choices for an employer contribution, which otherwise would have only been made to the 401(k) plan. It did come with some caveats however."  MORE >>