12 pages. "There are 92 provisions and they are almost universally good, with 'good' being defined as 'helpful to the cause of promoting retirement security.' ... [T]he combination of SECURE 1.0 and 2.0 with the growth in state retirement mandates (and a possible future federal mandate) presents us with a toolset that ... will play a major role in spurring a wave of new plan formation among small businesses and rising participation and savings rates across the system."   MORE >>

"The Act amends the Internal Revenue Code and [ERISA] in certain key ways ... [This article provides] a brief summary of the provisions that 401(k) and 403(b) retirement plan sponsors should note for plan design and administration purposes[.]"   MORE >>

"[M]any cash balance plans were designed with graded pay credits, e.g., 3% of pay until age 40, 4% of pay from age 40 to 55, and 5% of pay thereafter. That was perfectly legal, but the Treasury Regulations caused problems in market-return cash balance plans. Now, we have a legislative fix. The statute is clear in allowing those designs that the Regulations didn't."   MORE >>

"The case demonstrates how plan fiduciaries have a duty to continually monitor the fees that plan participants pay whether directly or indirectly ... The complaint provides a blueprint of actions plan fiduciaries should take to be able to defend their actions relating to plan costs." [Hagins v. Knight-Swift Transportation Holdings, Inc., No. 22-1835 (D. Ariz. complaint filed Oct. 26, 2022)]   MORE >>

"The SECURE 2.0 Act ... aims to make it easier for Americans to save for retirement by, among other things, raising the RMD age to 73 on January 1, 2023, and then to 75 on January 1, 2033. Having three more years of tax-deferred growth in your retirement savings accounts, however, is a mixed bag.... By delaying RMDs, retirees may be forced to make bigger withdrawals from an account that is likely to have a larger balance because it had more time to grow. That can have tax implications."   MORE >>

"The expenses and tax effects of the various paths of ROBS exit are generally outlined [in this article]."   MORE >>

"[This post discusses] the difference between static approaches like the 4% Rule and static Monte Carlo model projections and dynamic approaches like the Actuarial Financial Planner [AFP] or dynamic Monte Carlo projections ... [U]nlike most Monte Carlo models, the AFP provides more flexibility when entering different types of anticipated expenses and different expected increases in those expenses and it permits entering more reasonable spending upon the first death withing a married household."   MORE >>