"The Federal Retirement Thrift Investment Board (FRTIB) is proposing to amend its regulation regarding the method for correcting errors involving Lifecycle Funds that no longer exist. Specifically, it is reverting to the use of a constructed share price to calculate breakage and the value of negative adjustments for errors involving Lifecycle Funds that no longer exist as of June 1, 2022 ... the date the new TSP recordkeeper began processing TSP transactions."  MORE >>

"The SEC's Division of Corporation Finance recently added a new Exchange Act Compliance and Disclosure Interpretation (CDI) clarifying that when a participant in a Section 401(k) plan who is subject to the insider trading rules sells company stock through a self-directed brokerage window, the sale must satisfy all conditions of Rule 10b5-1(c)(1), including those applicable to purchases and sales of the issuer's securities on the open market."  MORE >>

"Rev. Proc. 2025-21 modifies Rev. Proc. 2024-32 by adding an exception for plans using one mortality ratio for all genders. Under this exception, a plan's approval to use a substitute mortality table will not terminate early if the: [1] Total number of all covered individuals is between 80% and 120% of the average number of covered individuals over the relevant 12-month period (even if there was a significant change in coverage for one gender). [2] Plan's actuary certifies that the substitute mortality tables still accurately predict the plan population's future mortality."  MORE >>

17 pages. "This article sets forth some of the key compliance issues that financial services firms, plan fiduciaries and their advisers should consider when considering making digital assets available to ERISA-covered plans and IRAs and related technologies such as blockchain ... [The authors] hope it will serve as a roadmap to regulators ... to issue regulations and guidance that could make digital assets a more attractive investment option and to encourage the use of technologies such as blockchain, while protecting the interests of ERISA plan participants and beneficiaries and IRA owners."  MORE >>

"A loose coalition of alternative asset firms, broker-dealers, mutual fund platforms, and financial advisers envisions a future in which 401(k) accounts and other employer-sponsored retirement plans offer private-market investment products alongside standard public market mutual funds.... Not all employer-sponsored plans are in favor of adding private market alternatives to their offerings, citing longstanding concerns about volatility risk and the relative lack of sophistication among everyday investors."  MORE >>

"Asset classes often perform differently under varying conditions. By diversifying their asset allocations, pension plans can harness these complementary performance patterns to achieve more consistent returns over time.... [The authors] highlight the short term, risk-mitigating impacts of several strategies relative to U.S. equity in 2025 thus far. "  MORE >>

16 pages. "The need for financial education varies across occupational groups but is paramount among employees in education, where many express the need for more guidance relating to adequate retirement savings (67%), taxation of employer's retirement plan (58%), identification of relevant benefits (54%), retirement plan vesting schedule (52%), and understanding defined contribution plans (51%)."  MORE >>

"The aggregate funded ratio for U.S. corporate pension plans is estimated to have increased by 0.3 percentage points in April, ending the month at 103.3% ... Although the aggregate funded ratio is estimated to have decreased by 0.3% year to date, it is estimated to have increased by 3.2% over the trailing twelve months."  MORE >>

"The aggregate funded ratio for U.S. state pension plans decreased by an estimated 0.8 percentage points during the first quarter of 2025 to end the quarter at 78.6% ... The aggregate funded ratio is estimated to have decreased by 0.3% over the trailing twelve months."  MORE >>

"The 'spend-less' Funding Status guardrail [the authors] recommend is 95%, and the 'spend-more' guardrail ... for considering increased spending was 120% ... [T]he 120% spend-less guardrail is not 'bullet-proof', but it is fairly robust, and the consequence of falling below 95% doesn't mean that you are bankrupt. It means that you might be required to temporarily or permanently reduce some discretionary spending. "  MORE >>

"Advisors are becoming increasingly aware that HSAs can be a leg of the retirement stool and compete for a share of employees' wallets. Embracing HSAs as part of their consulting strategy will allow advisors to have a seat at the table with respect to using HSAs as a tool in retirement planning."  MORE >>

"[A recent story] about executives losing the funding -- and with it almost certainly the payout -- of their deferred compensation agreements ... is a good time to remind executives that they should not simply smile and say thank you when gifted with a deferred compensation agreement ... [E]xecutives awarded that benefit need to be aware that it comes with certain risks attached to it, and they should account for those risks in their retirement and other long range financial planning."  MORE >>