In early August, separate lawsuits were filed against seven universities seeking damages for breach of fiduciary duties related to each one’s defined contribution retirement plans. What should organizations consider when it comes to their own 403(b) plans? Updated October 1, 2018
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The Supreme Court recently restored order in the church plan universe when it overturned three appeal decisions and held that an employee benefit plan maintained by a church-affiliated organization can qualify as a “church plan” exempt from ERISA. Updated October 1, 2018
Prevalent issues in the multivendor 403(b) environment include a lack of vendor oversight, proprietary investment products, and pricing inefficiencies. What actions should 403(b) plan sponsors be taking to mitigate their fiduciary and legal risks? Updated October 1, 2018
Dean Clune writes, “Productivity, ingenuity, workers compensation claims and health insurance claims… a few of the areas that could potentially be impacted if a population of retirement-age-ready employees is not financially ready for retirement.” Updated September 29, 2018
Author Bill Kline writes, “…The Employee Retirement Income Security Act (ERISA) imposes special legal requirements on fiduciaries of 401(k) plans. Many business owners are unaware of the dangers they face under ERISA and the implications of being a fiduciary…” Updated September 29, 2018
Retirement Plan Consulting: Critical Thinking: The Silver Tsunami—Helping Employees Prepare for Retirement
Since January 1, 2011 about 10,000 people per day are turning age 65. As the U.S. experiences the Silver Tsunami, concerns of an aging population coupled with the fact that the most Americans have not saved enough money for retirement will place new pressures on employers. Updated September 27, 2018
As Canadians cope with high debt and employers cope with a labour shortage, financial wellbeing is essential to maintain engagement, argue Dean Clune and Dave Dickinson.
Neil Craig, Diego Favero and Rob Mitchell show why it’s so hard to save for retirement — and why it’s urgent for employers to support financial wellbeing with a strong retirement plan.
With a focus on all things internal communication — including top priorities, common challenges, and effective channels — the 2018 State of the Sector offers insights into the current status, future direction and value of employee communication.
Ian Altman and Bruce Johnson offer insights on important considerations for a retirement plan strategy, including supporting decision-making with actuarial analysis, and managing transitions and changes.