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Studies find differences in 403(b) and 401(k) plan design and participant behavior, but both plan types are increasing in importance for employees.

Separate bicameral proposed legislation aims to boost auto-enrollment retirement plan participation.

WASHINGTON, Oct. 30-- The American Council of Life Insurers issued the following news release on Oct. 29, 2021:. American Council of Life Insurers President and CEO Susan Neely urged Congress to advance policies that will help all Americans, regardless of where or how they work, their life stage, or the economic status of their household, access the tools they need for...

To embed, copy and paste the code into your website or blog: On July 16, 2021, the IRS issued Revenue Procedure 2021-30, an updated version of the Employee Plans Compliance Resolution System (“EPCRS”). Retirement plan sponsors may use EPCRS to correct certain compliance mistakes, and avoid the adverse tax consequences associated with plan disqualification. We have provided a summary of the changes below. Modification to Existing Overpayment Correction Method . The new guidance modifies the existing overpayment correction method to allow overpayment recipients to be given a choice as to wh...

States. they all say they can do better than washington, d.c. we give them that opportunity. >> it also repeals obamacare mandates. do you think that is something the democrats can get onboard with? >> well, jonathan gruber, who helped write obamacare, did a study published in new england journal of medicine, the individual mandate has no effect upon enrollment, according to gruber's study. no effect. what does have an effect is a governor getting behind a project and pushing people to get enrolled. >> so you think just for the governor to say to his constituents or her constituents we need yo...