"Many retirement plans have no income deferral component to their plan at all and are not affected. Also, many plans do not include a number of hours worked before providing access to deferral contributions in the plan and will find that no employee will meet the LTPT definition and have not already been offered the plan."   MORE >>

"The key to helping all employees join and save at high rates is making it easy to join, providing personalized education, and effective, ongoing monitoring.... [P]roactively test mid-year. [The] sooner you know, the sooner you can present your forecast to the executive team and propose proactive strategies ... If you are looking to bypass ADP and ACP tests entirely, you can consider a Safe Harbor 401(k)."   MORE >>

"This article provides a roadmap for plan fiduciaries who wish to contribute qualifying employer real property (QERP) to their defined benefit pension plan, and who would like to ensure that the fiduciary decisions to accept the contribution of such real property -- and on what terms to accept such a contribution -- are made by an experienced, knowledgeable and un-conflicted independent fiduciary, who will solely serve the plan and its participants."   MORE >>

"Retirement plan fiduciaries whose plans contain employer stock funds, may be faced with the challenges of managing a non-employer stock fund within their plans after a corporate reorganization.... This article provides a roadmap for plan fiduciaries who inadvertently find themselves in this dilemma and decide to liquidate the non-employer stock fund."   MORE >>

"One plan-design option available to sponsors to help participants create a paycheck in retirement is adoption of systematic withdrawals. But this option requires greater coordination between disparate retirement ecosystem partners to make it work."   MORE >>

"[W]hat does a 'good process' look like? These four steps are key ... [1] Review the plan regularly.... [2] Think and act carefully when adding new investments.... [3] Emphasize information and education.... [4] Stay current."   MORE >>

"Baby Boomer (ages 58-76) and Gen X (ages 43-57) men have significantly greater account balances than women in their generations (87% vs. 53%, respectively). However, the gap between Millennial (ages 28-42) men and women is only 23%.... When looking at 401(k) savings plans as of the end of last year: [1] Participation rates dropped only slightly to 56% from 58% in 2021. [2] Average contribution rate declined to 6.4% from 6.6% in 2021. [3] 26% of participants increased their contribution rate as compared to 8% of participants who decreased their savings rate."   MORE >>

"[T]his study demonstrates that although there is generally a natural upward trend for older (age 50+) Americans to progressively delay their expected retirement, this trend has no statistically significant relationship with the COVID-19 pandemic.... The most significant factors influencing participants' retirement decisions relative to expectations are health, wealth, age, marital status change, mortality expectations, education levels, disability, and major illness diagnosis. Focusing on these factors can help the retirement benefits community explore strategies to mitigate the negative consequences of gaps between retirement expectations and reality."   MORE >>

"59% of advisers made the decision not to roll over their clients' 401(k) into an IRA or other account in 2022, due to better benefits offered by the existing retirement plans and advisers' ability to effectively manage the assets within those plans. From 2016 to 2021, $2.9 trillion of IRA asset growth was from rollovers of retirement plan accounts. It is estimated that more than half of this amount was facilitated by financial advisers[.]"   MORE >>