Retirement Regulation

Many small business employers may be unaware that there are several retirement solutions available to them and that the new federal law covers 100% of the startup administrative costs for employers with up to 50 employees.

The new legislation is a significant step toward making retirement plans accessible to 57 million more people, similarly to the launch of automatic enrollment In the UK a decade ago, says Smart's global retirement report.

When an employee fails to satisfy their obligations and elects to "undo" a bonus by taking a 401(k) deferral, it gets complicated when any funds deposited into the company 401(k) plan are now considered plan assets.

The move by many states, like Oregon and California, to require auto-IRA retirement plans for private-sector workers has not discouraged employers from sponsoring their own retirement plan benefits, a Pew study has found.

Following the collapse of First Republic Bank earlier this week, the Federal Reserve is expected to deliver its 10th - and final - rate hike for a while today, bringing the rate to a range of 5% to 5.25%, the highest since 2007.

At the committee level, there is a lot of bipartisan activity for health care reform for 2023 that includes PBM reforms and insulin caps in the commercial market, as well as regulatory guidance on the new retirement bill SECURE 2.0.

The auto-enrollment and auto-escalation provisions within the new legislation could be perhaps the biggest catalyst for helping American workers accumulate wealth, according to a new report.

A higher employer 401(k) matching rate corresponded with a greater likelihood for employees to cash out of retirement plans when switching jobs, according to a new survey.