"[P]lan sponsors may wish to use the additional time provided by the delay to coordinate with recordkeepers on system readiness to implement any required or desired changes to address the Delayed RMD Regulatory Provisions. Plan sponsors should also document interim administrative positions to support reliance on the good-faith compliance standard[.]"  MORE >>

"The Program is open to employers, plan sponsors, unions, and supporting practitioners (like lawyers and actuaries).... Submissions to the Program are made electronically.... The Program also includes a searchable database that will serve as a public repository of opinion letters issued by the Office of the General Counsel from 1974 to date."  MORE >>

"For businesses operating in or adjacent to the digital asset space, this guidance fundamentally changes the regulatory landscape. The 'regulation by enforcement' era appears to be over, replaced with clear taxonomies and defined pathways for compliance.... The heart of the SEC's interpretation is a five-category classification system for crypto assets."  MORE >>

"Recordkeepers tend to do a good job preserving the design of customers' retirement plans during restatement and other update processes. But mistakes do occur, and the significant number of changes being made as part of the CARES/SECURE restatement process may increase the risk of unintended changes to the written terms of the plan.... [P]lan document updates provide an excellent opportunity to reaffirm that the employer's administrative practices are aligned with the written terms of the plan document."  MORE >>

"This article provides a high-level overview of the most common retirement plan structures used by governmental employers, including defined benefit pension plans, 457(b) deferred compensation plans, 401(a) defined contribution plans, and hybrid approaches that combine elements of these structures."  MORE >>

"72% of responding pre-retirees expected to retire on their own terms, up 5 percentage points from last year.... Respondents from younger generations were particularly open to alternative paths ... Overall, 34% of pre-retirees expected to reduce their hours before retiring, 30% expected to take on fewer responsibilities, and 18% expected to move into freelance or contract work. "  MORE >>

"Over the past decade, private equity has significantly accelerated consolidation across the retirement and benefits industries.... For plan sponsors, the key takeaway is not to avoid PE-backed firms -- but to ensure that evaluation processes remain objective, transparent, and well documented."  MORE >>