Ouch! For most workers, early withdrawals from retirement accounts turn out to be very costly, since lost opportunity from market gains is hard to make up. Encourage plan participants to do everything they can… Read Moreabout Protecting Retirement Savings
Doubts about whether Blackrock’s 401(k) followed the Plan’s Investment Policy Statement have led to the class action suit. Relatedly, here are three critical questions for retirement plan sponsors. What Is the Investment Policy for Your… Read Moreabout Blackrock’s 401(k) Plan Heads To Trial
Mergers and acquisitions are changing the marketplace of 401(k) plan service providers. Plan sponsors are advised to have high expectations. Expect Robust Products and Services Although the mergers and acquisitions among service providers in the… Read Moreabout A Resolution for Plan Sponsors: High Expectations
Despite the upheavals of 2020, a third quarter analysis by Fidelity Investments indicates that employees continue striving to save via employer-sponsored plans. Retirement Saving Trends: Holding Steady Fidelity’s Building Financial Futures report on retirement saving… Read Moreabout Yes, Employees Are Still Saving for Retirement!
The Internal Revenue Service just announced next year’s inflation-adjusted quantities of health saving accounts. In Rev. Proc. 2020-32, the IRS states that the annual limitation on deductions under Code Section 223(b)(2)(A) for a person with… Read Moreabout IRS Publishes 2021 Amounts for HSA Limits
Rep. Patrick McHenry, a republican of North Carolina serving on the House Financial Services Committee, introduced the Securing Additional Value for Every Retirement Saver (SAVERS) Act in order to temporarily raise contribution limits for defined… Read Moreabout New Legislation Will Temporarily Raise Contribution Limits
