Jun. 25, 2025. "Attach to Form 1040, 1040-SR, 1040-NR, or 1041.... If you only owe the additional 10% tax on the full amount of the early distributions, you may be able to report this tax directly on Schedule 2 (Form 1040), line 8, without filing Form 5329."  MORE >>

"The court held that [the plan] language 'does not in fact allow Defendants to use forfeited funds to pay participants' share of administrative expenses.' ... Plaintiff's argument is, in effect, that where the plan gives fiduciaries discretion to allocate forfeitures for the plan participants' benefit, under ERISA' duty of prudence and (especially) duty of loyalty, the fiduciaries are under a legal obligation to do so. The court found that this theory 'contravenes ERISA and decades of settled precedent.' " [Wright v. JPMorgan Chase & Co., No. 25-0525 (C.D. Calif. Jun. 13, 2025)]  MORE >>

"[S]teps plans can take to minimize their risk ... [1] review plan documents to ensure that the use of forfeitures is consistent with the plan's requirements.... [2] if the plan gives fiduciaries discretion over the use of forfeitures, consider amending the plan to specify how forfeitures must be used.... By taking discretion out of the equation, it is more difficult for plaintiffs to allege a breach of fiduciary duty."  MORE >>

"Investors can't agree on the best way to set up a retirement portfolio. For some, dividends and interest payouts are the main priorities. For others, growing their portfolio is top of mind. So, what is the best way to generate income in retirement? [This article considers] three popular approaches: [1] Income-centric; [2] Total return; [3] Hybrid."  MORE >>

"In a study of over 50,000 corporate 401(k) plans, 99% were found to have at least one fund with a cheaper, higher-performing alternative available to plan participants.... Using fund performance from the last 10 years, the study found that 94% of plans contained at least three funds with cheaper and higher-performing alternatives, while 85% had at least five other alternatives. Over 70% had at least 10 funds over three- and five-periods, and more than 40% contained at least 10 funds over a period of 10 years."  MORE >>

"Tax-free Roth Thrift Savings Plan accounts get a lot of attention, and rightly so. Tax-free growth combined with tax-free withdrawals after decades of compounding can be a powerful tool for retirees. However, there are mistakes that federal employees can make, which will transform their tax-free dollars into taxable dollars, plus a 10% penalty in some scenarios."  MORE >>

"This paper investigates how the increase in life expectancy affects the equity allocation of pension funds across 12 OECD countries from 2010 to 2022.... [F]indings reveal a positive and significant association between life expectancy and pension funds' equity exposure in market-oriented financial systems, due to investors' higher financial literacy, lower risk aversion and greater stock market development. This relationship is further amplified in high-yield stock market environments, while market volatility and capitalization play no role."  MORE >>

30 pages. "[R]evenue increases for Social Security have strong public support and would allow lawmakers to address solvency without worsening seniors' economic security.... [U]nless lawmakers adopt a package that would rapidly bring significant revenues into the system in the coming decade, they may need to consider some form of general revenue financing on at least a temporary basis, as a stopgap measure to avoid substantial benefit reductions in 2034."  MORE >>

"[The EBSA Investigations Transparency Act (HR 2869)] would require DOL to make annual reports to Congress about ERISA investigations and targeted compliance monitoring conducted by [EBSA]. [The Balance the Scales Act (HR 2958)] would prohibit the agency from sharing information obtained during EBSA investigations with private litigants without first notifying affected plan sponsors and fiduciaries. Both bills were referred to the House Education and Workforce Committee."  MORE >>

"[This article provides] answers to questions finance and HR leaders often ask about executive severance, including how to structure it at different growth stages, common mistakes to avoid, and how to stay competitive while meeting the expectations of the board and investors."  MORE >>