"These lists include Pre-Approved, Master and Prototype (M&P) and Volume Submitter (VS) plans that were submitted to the IRS for opinion or advisory letters ... The third remedial amendment cycle (RAC) list is for defined benefit plans submitted from August 1, 2020, to May 28, 2025 and covers the 2020 Cumulative List.... The third remedial amendment cycle (RAC) list is for defined contribution plans submitted from October 2, 2017, to May 28, 2025, and covers the 2017 Cumulative List. "  MORE >>

"[T]here is often a misconception that a converted RMD is a missed RMD. This is not the case. The RMD was taken from the traditional IRA, so no 25% penalty for missing the RMD would apply. Instead, a converted RMD is technically an excess contribution in the Roth IRA, so we follow the excess contribution correction rules."  MORE >>

"91% of sponsors thought participants were either 'very' or 'somewhat' prepared, but only 69% of participants felt that way. Retirement plan advisors, on the other hand, held views significantly more in line with participants, with 70% saying that participants are 'very' or 'somewhat' prepared (versus 71% in 2023)."  MORE >>

"Transparency and simplicity are the primary reasons why fiduciaries find using zero-revenue funds advantageous. However, to fully benefit from them, it's important to understand how revenue sharing works.... The inequity associated with revenue sharing makes fee-levelization a critically important feature for plan sponsors to consider. However, ... it does not solve the issue of transparency, and the administrative aspects are complex."  MORE >>

"[M]ore and more people have to ... navigate issues like managing taxes while withdrawing from different kinds of accounts, when to take required minimum distributions, and determining the appropriate asset allocation for their retirement portfolios.... Here are three tricky decisions that confront people planning retirement today, as well as how to get your arms around what to do."  MORE >>

"The funded status of the 100 largest corporate defined benefit pension plans improved by $22 billion during May ... As of May 31, the PFI funded ratio rose to 104.9% from 103.0% at the end of April -- and up from the 103.6% mark seen at the start of 2025."  MORE >>

"Aronowitz said in the [June 5 Senate HELP Committee hearing] that reduced litigation with clearer regulatory guidance would enable plan sponsors to offer better benefits to their participants. His call for greater regulatory guidance included emerging areas such as mental health parity; inclusion of private equity and cryptocurrencies in plan investment lineups; and the consideration of environmental, social and governance factors when selecting retirement plan investments."  MORE >>