Employees place high value on their retirement benefits. In fact, the Employee Benefit Research Institute (EBRI) has sited the employer retirement plan as the second most important benefit employees receive from their employer. Putting more money behind a program your employees already value helps them to appreciate this benefit even more. Consider these three reasons […]
The Consolidated Appropriations Act, 2021 (the “CAA ’21”), 2020 Disaster Relief, Temporary Partial Plan Termination Relief, Missing Participant Guidance Released by the Department of Labor (DOL), Best Practices for Pension Plan Fiduciaries to Reduce Missing Plan Participants in Retirement Plans.
Legislative News and Updates – Q3 2020 Updated IRS Guidance on CARES Act: On July 9, 2020, the IRS provided additional guidance on CARES Act provisions to expand the definition of a “qualified individual” as well as “qualifying conditions”. For more information on the enhanced provisions, click here. ESG Proposal from the DOL: The Department […]
Money is the SECOND LEADING cause of stress in U.S.* Personal debt ranks as a significant stressor for 2 OUT OF 5 adults Stress is a risk factor for DEVELOPING A MENTAL DISORDER** Poor mental health impacts PHYSICAL HEALTH, creating a risk factor for chronic physical conditions (e.g, diabetes, obesity) Need for healthcare INCREASES, but affordability […]
Handling Market Volatility While a retirement plan is viewed as a long-term savings vehicle, this recent market correction can result in the desire for retirement plan participants to assess their current asset allocation. Here’s what they need to know. The financial markets don’t like bad news. The current coronavirus outbreak is no exception, and many investors are […]
Economic Outlook at a Glance – (Q2) 2020 Outlook This quarter’s themes: Cautious is the watchword; Growth concerns; Geopolitical risks remain; Fundamentals and risk assessment are key. To read more about these themes, click here. Legislative News and Updates Swift passing of the CARES Act: The Coronavirus Aid, Relief, and Economic Security Act, commonly known […]
Economic Outlook at a Glance (Q1) – Walking a tightrope. This quarter’s themes: Economy in 2020: Stable growth with political noise. Fixed income: Low and stable rates. U.S. equities: Earnings hold the key. International equities: Hard to ignore in 2020. Read attached document for more information. (source: JPMorgan Quarterly Perspectives) Legislative News and Updates The […]