Retirement Advisor

Does it need an overhaul? Along with benefit plan amendment deadlines and implementation requirements, the turning of the calendar is a good time to reassess if benefits are robust enough to recruit and retain the best talent.

PEPs are a compelling option for employers and advisors seeking efficient, cost-effective recordkeeping solutions – and by entering a PEP, the employer reduces its fiduciary responsibilities.

Most of the new retirement legislation's 92 provisions will kick in for plan sponsors in 2024 and beyond – meaning many companies relying on Excel and similar legacy software are at a crossroads.

The administration last week emailed 813,000 borrowers, who weren't credited for payment that would have made them eligible for student loan forgiveness under IDR plans, telling them their balances had been reduced to zero.

Members of a Senate panel that oversees Social Security sent a letter to the agency's acting commissioner, urging her to do more to prevent overpayments and "limit harm to vulnerable beneficiaries" when trying to recover money.

IBM's recent announcement to switch to a "hybrid" model of defined benefit plan could make the case to bring back a version of the classic retirement benefit, which could be a powerful tool for retention in a tight labor market.

Be sure to join us on Wednesday, December 6 as industry thought leaders discuss what to expect in the benefits industry during 2024.

From the era of guaranteed lifetime pensions to the modern 401(k), pension risk transfers have become the linchpin connecting the past, present and future of retirement benefits – and allows firms to offload the burdensome legacy.