I previously wrote about how the retirement plan industry should make the distribution and rollover process more efficient and educational. Many others feel the same way, including Congress. As part of SECURE 2.0, Congress asked the Government Accountability Office...
Keeping with December’s theme, SECURE 2.0 has been the gift that keeps on giving. Attitudes may vary on whether the gifts are beneficial, but at least it’s been interesting since 2022!
SEPs can be easy to establish and maintain, require no annual filings or compliance testing, and reduces participant education which can overwhelm smaller employers without dedicated HR or benefits staff or advisors who don’t specialize in retirement plans.
How To Evaluate Auto Rollover IRA Providers (Including Those Related To Auto-Portability)
This is the third and final blog in the series: The Truth About Auto-Portability. The first blog examined how auto-portability works and its value proposition.
This second blog sheds light on the marketing propaganda used to promote auto-portability and how you should be cautious with their claims and alleged benefits.
Auto-portability has been around since 2018 but received a boost when it was included in SECURE 2.0. Articles promoting auto-portability seem to cast a negative light on automatic rollover IRAs .
Forfeiture lawsuits have been in the news a lot lately. It may have you second-guessing what to discuss or do for clients and built-up forfeitures in their retirement plans.
Late last year, the Department of Labor’s (DOL) Lost and Found Database came into existence as required by SECURE 2.0.
Sometimes the timing or content of agency guidance is head-scratching. The Department of Labor’s (DOL) Field Assistance Bulletin (FAB) 2025-01 fits in both categories. The timing is odd as it references reports from 2019 and 2014 to support its current day relevance....
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