PEW: Most Small Business Workers Supportive of Auto-IRAs. Study after study has found that Americans are woefully under-saved for retirement. Part of that lack of savings is because many American ...
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UPDATE: State Auto IRA Plans Moving Forward Despite Loss of ERISA Exemption
Despite President Trump signing a measure last week to lift ERISA exemption for state run MEPs, California is determined to proceed with their Secure Choice program similar to other ...
Read More »State Auto IRA Plans Moving Forward Despite Loss Of ERISA Exemption
Even though state auto-IRA plans will not be exempted from ERISA as Congress moved to rescind the protection granted by the DOL in August 2016, it appears that states ...
Read More »State Pension Plans Underfunded by $1.3 Trillion According to Study
State Pension Plans Underfunded According to a study by The Pew Charitable Trusts, state pension plans are experiencing a wider gap between assets and promised payouts to workers. The ...
Read More »Congressional Fast Track Resolution Threatens State Auto IRA Plans
What will be the future of State Auto IRA Plans? There’s a battle raging in the retirement industry which affects employers of all sizes, lawmakers, financial advisors and the ...
Read More »As Congress Moves to Block Government-Sponsored Retirement Plans For Small Businesses, Providers Emerge to Fill The Gap
Congress Moves to Block Government-Sponsored Retirement Plans For Small Businesses Smaller companies (fewer than 50 employees) are less likely to offer their workers a retirement plan according to statistics ...
Read More »Congress Poised to Restrict State Retirement Plans
State Retirement Plans may end up on the cutting-room floor in new Congress. Just as the retirement industry tries to figure out whether the DOL fiduciary rule will become ...
Read More »State Auto IRA Plans Would Cause 13% to Drop Current DC Plan
Polling 1600 small to mid-sized business owners, some with and some without a defined contribution plan, research sponsored by the Pew Charitable Trust found that 13% of those with ...
Read More »Can State-Run Retirement Plans Be the Next Phase in Defined Contribution?
Are State-run retirement plans feasible? Could State-run plans effectively relieve the employer of the responsibility of running a defined contribution plan such as a 401(k)? We may not know ...
Read More »Michigan State Senate Moves to End Teachers Defined Benefit Plan
The daily headlines seem to beat the funeral-march toward defined benefit plan (DC) extinction. The most recent casualty in the transition from DB plans to defined contribution (DC) plans ...
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