Retirement Regulation

Retirement savings plans could see a significant upgrade if this pending legislation becomes law before the end of the year, giving small businesses more ability to offer plans and opening up opportunities to gig workers.

National, state and local rules may continue to change, but employers need to be aware of regulatory changes and consult with their broker, compliance team and other trusted advisors.

After four consecutive 0.75 percentage point hikes, the Federal Reserve dialed back its inflation-fighting effort, but signaled more hikes to come in 2023.

The actuarial group relayed its support of automatic enrollment in new 401(k)s, benefit portability and other key provisions of the landmark legislation, expected to become law by the end of 2022.

As recent major regulatory developments in the SEC and DOL will likely shape sustainable investing for years to come, the Forum for Sustainable and Responsible Investment released its latest findings.

An emergency savings policy – which would automatically enroll employees into savings programs – would align with the goals of the U.S. retirement system, wrote employers in a letter sent to House and Senate leaders.

Due to inflation, some of the new numbers are substantially higher than their 2022 counterparts.

The Retirement Savings for Americans Act would establish a new program that gives workers access to portable, tax-advantaged retirement savings accounts with federal matching contributions for low- and middle-income workers.