"The SECURE 2.0 Act, signed into law in December 2022, introduced several important changes that directly impact Defined Benefit (DB) plans, including how retroactive amendments can be applied. While the law generally aims to enhance retirement savings for employees, it also brings some important shifts in how amendments can be made, especially those that impact prior plan years."  MORE >>

"Although the 2025 Release is a significant departure from the previous guidance, it explicitly stops short of endorsing the inclusion of cryptocurrency in 401(k) plan investment menus. Therefore, under current guidance, plan fiduciaries will be required to make their own judgment regarding the prudence of including such an investment option."  MORE >>

"Cryptocurrency is not without its challenges, especially in retirement portfolios.... [1] Cryptocurrencies are notoriously volatile ... [2] The SEC has yet to establish clear regulations for cryptocurrency.... [3] Cryptocurrency's decentralized nature makes it susceptible to fraud and cyberattacks.... [4] Unlike traditional assets, cryptocurrency may face liquidity issues[.]"  MORE >>

"Because they are limited to institutional investors, CITs are regulated based on the assumption that the investors have the knowledge and bargaining power to safeguard their own interests. As such, CITs are much less regulated than mutual funds. This can be seen as a benefit because of lower cost but also can lead to less favorable legal terms in the areas of transparency, accountability and liquidity when compared with mutual funds."  MORE >>

"[T]hree in four Generation Z workers (76%) are saving for retirement through 401(k) or similar plans and/or outside the workplace ... Eighty-five percent of Millennial workers are saving for retirement in a 401(k) or similar plan and/or outside the workplace.... Eighty-two percent of Generation X workers are saving for retirement in a 401(k) or similar plan and/or outside the workplace.... Half of Generation X workers (50%) expect their primary source of retirement income to come from self-funded savings ... Almost six in 10 Baby Boomer workers (57%) expect to retire at age 70 or older or do not plan to retire. "  MORE >>

"The report references the Social Security Fairness Act, which ... repealed the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).... This act had a 'substantial effect,' according to the report, and it 'lowered the projected tenth-year OASI trust fund ratio by 10 percentage points.' ... The report linked to a website, where cost estimates for various potential reforms can be found."  MORE >>

"Based on these actual 2025 metrics, we can see that Social Security is in a financing hole.... [L]et's think in terms of how much the current tax rate (combined employer/employee) would have to be increased to bring the system's funded status measured over the next 75 years back up to 100%. If enacted on January 1, 2025 with no other changes, the increase would have to be 3.82% of taxable payroll for a total combined employer/employee tax rate of 16.22% (a 31% increase)."  MORE >>

"Increasingly, plan sponsors are realizing that many NQDC plan participants are underinformed or simply unaware of how to take full advantage of their plans. The result? A growing need for robust financial wellness solutions that offer not only education but personal financial advice.... [1] Use live sessions to spark engagement ... [2] Provide support before the enrollment window ... [3] Pair digital tools with human help ... [4] Tailor communication to senior leaders."  MORE >>