Page 26 - Defined Contribution News Today

Industry leaders weigh in on what trends plan consultants should monitor in the year ahead. What developments might impact retirement plans in 2021? We asked several industry leaders for their thoughts about the trends plan consultants should monitor during the year ahead. Beth Ashmore Willis Towers Watson Heading into 2021, we think that sponsors will look to leverage their retirement plans to support employees’ financial security and seek innovative ways to deliver those benefits an...

The city might have to retroactively create DB plans for some 4,000 city workers.

Thursday, January 7, 2021 On November 24, 2020, the Securities and Exchange Commission (“SEC”) proposed amendments to Rule 701 and Form S-8 (the “Proposals”) under the Securities Act of 1933, as amended (the “Securities Act”). The Proposals are intended to (1) facilitate the ability of companies that are not required to file reports with the SEC to issue securities to compensate certain service providers, and (2) simplify the existing registration processes for compensat...

“Consumers lack knowledge and show over-stated confidence in their abilities to make good decisions and this is likely to have consequences on their outcomes in retirement for many years.” While the study showed Britons are clued up about the 25 percent tax-free lump sum available through defined contribution pensions, there are some other areas where there is less confidence. More than a third of prospective drawdown users said they knew nothing about the funds they are currently invested ...

Alex Lee, who has been her No. 2, takes over the top finance slot. Alex Lee Deloitte’s long-time chief investment officer, Mary Ellen Stocks, has retired, handing over the job to Alex Lee, who has functioned as her deputy in the past. “We accomplished a lot and left a strong team,” said Stocks, who took over the CIO position in 2004. She joined Deloitte in 1994 and first worked there in investment consulting. The auditing and consulting giant, which has 10,000 professionals, is the US uni...

To print this article, all you need is to be registered or login on Mondaq.com. The Internal Revenue Service has announced cost-of-living-adjusted limits for 2021 that affect the operation of tax-qualified retirement plans, including 401(k) plans and certain other types of employee benefit plans, including deferred compensation plans that may be subject to Internal Revenue Code §409A. The amount by which the limits are adjusted each year is based on a cost of living ind...