Designed to help CEOs, CFOs, treasurers, human resource and benefits professionals and investment committees stay well-informed of recent events that could have an impact on plans or plan participants.
Inside you will find plan sponsor best practices, insights about the retirement readiness of plan participants, a summary of new and pending legislation, news from the DOL and other regulatory bodies, and updates on ERISA cases.
Highlights from this quarter include:
- Looking at how participants are allocated and inquiring about what type of benefits would encourage them to stay enrolled in the plan both present opportunities for engagement and education.
- On the fiduciary front, the release of the Department of Labor’s final rule on “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights” and a review of DC plan lawsuits both reinforce the importance of a robust due diligence process.
- The SECURE 2.0 Act contains multiple provisions that plan sponsors may want to consider adding to their plans.