SECURE 2.0: Understanding The Impact
Given the massive breadth of the SECURE 2.0 Act of 2022, analysis has taken some time, but experts are starting to predict that the greatest potential impact on retirement outcomes will be derived by…
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Retirement Plans and Emergency Savings?
Pension Linked Emergency Savings Accounts, aka PLESAs, were made possible by a provision in the SECURE 2.0 Act, which became effective at the start of 2024. To help plan sponsors understand and correctly implement…
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Increased Penalty Fees
Fees, litigation and even criminal indictments are all possibilities for plan fiduciaries when the Department of Labor uncovers ERISA violations. Since civil penalty amounts are adjusted for inflation, the stakes are going up. Read…
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A New Job for Plan Sponsors: Cybersecurity
The more every business (and person in it) uses technology, the bigger the “attack surface” for cybercrime becomes. Last year’s massive MOVEit data breach, compromising data at over 600 businesses, sounded an alarm: whether…
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Growth Path: Proposal Specialist?
Clear goals, niche expertise, solid reputation, equipment upgrades, great workers, social media presence … .As a contractor, you can get all this right, and still find your business stagnating, unless you have the capacity…
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Really Big Builds
Red tape. Years of stop-go. Money. More money. Plans. More plans. Commitments. Back-outs. These are the challenges the biggest of big civil projects around the country face. Finally, some are seeing the actual light…
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Reducing PBGC Plan Premiums?
All employer sponsored defined benefit plans pay insurance, with premiums set by Congress to the Pension Benefit Guaranty Corporation, which is an agency of the U.S. Government. Read on for insights about how PBGC…
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Plan Outcomes vs Business As Usual
Set it and forget it is not a best practice for retirement plan sponsors. If it’s been a while since you have given the plan some real attention, chances are strong that much has…
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Executor or Administrator?
The name given to the person charged with settling the affairs of the deceased depends on the circumstances involved. When a will is made, typically an executor is designated to carry it out. When…
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