What’s Next with the Evolution of State-Sponsored Retirement Plans?
To address ongoing retirement savings gap, all but 3 states initiated, passed legislation to set up state-sponsored retirement savings plan (SSRP).
Recent
Rules for Sponsor Self-Correction Broadened by Both SECURE 2.0 and DOL Proposal
The DOL made a proposal to expand the VFCP in November 2022, and SECURE 2.0 also made changes to IRS and DOL corrections programs.
Fidelity's 45% Rule: Should You Really Use It As a Guide to Retirement Savings?
Retirement rules of thumb, saving 10xs your salary by 67 reigns supreme. Workers should also have another way by planning for their savings.
62% of Women in the United States Plan to Delay Their Retirement Age Due to Inflation
A study found 62% of women expect to retire later than originally planned or do not think they will ever be able to retire due to inflation.
Carson Partners with “Conflict Free” Vestwell on 401(k) Offering
Vestwell providing Carson Group with small, midsize business 401(k) and 403(b) plan programs for its investment and wealth management adviser network.
Plan Sponsors Bracing for Recession, Split on Participants’ Response
"State of the industry” report from recordkeeper Ubiquity finds 62% plan sponsors expect recession w/ 47% seeing 401k loan requests from participants.
Inflation Spike Shakes Women’s Retirement Confidence
More women than men expect to delay retirement or to never be financially ready to retire, new Nationwide research shows.
