Retirement

Participants using the company’s retirement app have an average deferral rate 11% higher than the average deferral for all participants covered by plans, according to a recent survey

The burden of saving and investing has shifted to the plan participant

Consolidating multi-vendor retirement plans, a how-to guide

EBA Financial Fitness Challenge helps remake retirement benefits for six Indiana school districts

New EBA retirement columnist John Ludwig on deferral rates for auto enrollment

Nonqualified deferred compensation plans are on the upswing.

The use of online calculators and retirement advisers has been linked to higher levels of retirement confidence.

In a recent letter to Acting Secretary of Labor Seth Harris, six members of the Congressional Black Caucus warned that if the DOL’s 2010 fiduciary proposal is re-proposed this year without significant changes, the rule “could disparately impact retirement savers and investment representatives in the African-American community,” according to the letter.

On the last day of 2012 the IRS updated the Employee Plans Compliance Resolution System (EPCRS), published as Rev. Proc 2013-12. The program allows plan sponsors to declare, fix and pay penalties (where applicable) for certain operational or demographic missteps under the “voluntary correction program” (VCP)

Apparently some plan sponsors and even advisers overlook a basic resource when conducting 401(k) enrollment and education sessions: The TPA. “Advisers are sometimes surprised to see a TPA at the meeting,” says Beth Harrington, president of Benefit Resources Inc. in Sacramento. “That shocks me.”