DEFINED CONTRIBUTION
Average workplace retirement account balances shrank 20% in 2022, according to Vanguard's preview of its upcoming 2023 How America Saves report.
Joe Corona was promoted to director of sales and strategic partnerships at EPIC Retirement Plan Services.
More plan sponsors are reporting high turnover in retirement plan committees, losses that industry observers say have sent some plan sponsors scrambling.
Two trade groups have asked the Treasury Department for a temporary fix for a snafu in SECURE 2.0 preventing retirement plan participants from making catch-up contributions.
Seneca County is transferring participants in its 457 plan to the New York State Deferred Compensation Plan, with the move to be completed in April.
The U.K. government is seeking input on allowing multiemployer plans to utilize the collective defined contribution model.
The U.K. government approved new regulations intended to allow U.K. defined contribution plans to increase their illiquid investments.
In passing SECURE 2.0, lawmakers inadvertently deleted a paragraph that upends savers' ability to make catch-up contributions in 401(k) plans.
At the end of 2021, IRAs held $13.9 trillion in assets, making them the largest segment of the retirement market, according to Cerulli.
In their battle for talent, employers are beefing up the non-qualified deferred compensation plans they offer their high-level executives.
