"The Federal Retirement Thrift Investment Board (FRTIB) amends its regulation regarding the method for correcting errors involving Lifecycle Funds that no longer exist. Specifically, it reverts 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."  MORE >>

"It is imperative that plan sponsors monitor contributions to their plan and catch any errors quickly. The [DOL] considers an error to be a fiduciary breach if a company does not review and confirm their payroll has been funded. The DOL only permits self-correction of these failures within 180 days of the pay date and if the missed earnings are $1,000 or less."  MORE >>

"[W]hat is the competence of the committee members to select and then to monitor cryptocurrency investments ... [T]he most likely courses of actions going forward, if cryptocurrencies are to be added to plans, are: [1] Inclusion as an allocation in target date funds, where the selection and allocation will be professionally managed. [2] Inclusion as allocations in managed accounts, with professional management. [3] Inclusion in a brokerage or mutual fund window."  MORE >>

155 pages. "Many workers expect to work past age 65 or do not plan to retire (47%), and a sizeable percentage expect to retire at age 70-plus or do not plan to retire (37%). However, expectations for retirement age vary by generation.... More than three in four workers (78%) are saving for health care expenses ... Half of workers (50%) agree with the statement, 'I don't have enough income to save for retirement' ... Generation Z, Millennials, and Generation X are significantly more likely to agree than Baby Boomers (57%, 50%, 51%, 39%, respectively)."  MORE >>

"With the retirement plan landscape changing fast thanks to SECURE 2.0 changes, a rash of ERISA litigation, and private equity and cryptocurrency looking to crack the 401(k) market, it's time for plan fiduciaries to take a another look at risk management.... Regular compliance audits, comprehensive governance structures, and clearly defined fiduciary responsibilities are essential."  MORE >>

"U.S. insurance carriers are accelerating their shift toward retirement income solutions and platform innovation as economic uncertainty grows. In the immediate term, respondents expect the biggest trend to be the continued rise of Registered Index-Linked Annuities (RILAs), but over the next three years, respondents believe that increasing in-plan annuity adoption will become the dominant trend.... [R]oughly 8 in 10 (79%) respondents are viewing in-plan retirement income as a top three priority."  MORE >>

"During May, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process dropped from 101.1% to 100.8% of a plan's accounting liabilities (accumulated benefit obligation, or ABO).... The competitive bidding process is estimated to save plan sponsors about 3.6% of PRT costs as of May 31, 2025."  MORE >>

"May 2025 delivered the best monthly market performance in more than a year. The result was an increase in the estimated funded status of the 100 largest U.S. public pension plans from 79.6% as of April 30, 2025, to 81.1% as of May 31, 2025 ... [T]he past 12 months have seen very little change in PPFI funded ratios, which have hovered in a narrow range around 80%."  MORE >>

The following annual recurring Actuarial Notes have been updated using the assumptions of the 2025 OASDI Trustees Report:

• Recurring Actuarial Note #1: Unfunded Obligation and Transition Costs for the OASDI Program
• Recurring Actuarial Note #2: Unisex Life Expectancies at Birth and Age 65
• Recurring Actuarial Note #3: Scaled Factors for Hypothetical Earnings Examples
• Recurring Actuarial Note #8: Disaggregation of the Long-Range Actuarial Balance for the OASDI Program Since 1983
• Recurring Actuarial Note #9: Replacement Rates for Hypothetical Retired Workers

MORE >>

"This guide provides a high-level reference resource, in a plan-by-plan format, on how to approach each type of compensation or benefit arrangement when an employee becomes disabled and offers up some practical tips on employee benefits issues that may come up as you manage your company's compensation and benefit administration for a disabled employee."  MORE >>

"if severance is exempt from Section 409A, then: [1] The severance payments can be accelerated without penalty.... [2] The severance package may be able to be replaced with a new arrangement with different payment terms without a Section 409A 'substitution' risk ... [3] The six-month delay that applies to specified employees at public companies does not apply to exempt severance."  MORE >>

"While listing in the United States can provide access to greater liquidity and more capital than many other non-U.S. exchanges, it also means that the [foreign private issuer (FPI)] likely will be subject to executive compensation disclosure requirements that differ from their headquarters location as well as from those applicable to U.S. domestic issuers. Given these requirements, it is important for FPIs to consider several factors."  MORE >>