Does the 1,000-hour IRC and ERISA rule apply to other benefit programs, besides retirement, such as group health plans?
Financial advisers and executives at retirement plan providers said that employees, while tending toward caution, do not appear to be panicked. During the wild swings a few weeks ago, participants largely sought information.Read More
Employees tend to take a laissez faire approach toward their 401(k) plans, letting them have a life of their own after the initial sign-up. Those who voluntarily enroll, on the other hand, tend to contribute at a significantly higher rate—an average of 7.8 percent monthly—research by Aon Hewitt shows.Read More
For the first time in 35 years, Labor Department officials are exploring whether they should change the definition of ‘fiduciary’. The agency wants to make the change so it can better protect the rights of participants, but the benefits community doesn’t see it that way.Read More
The one-year extension will likely give employers more time to prepare plan documents.Read More
The percentage of U.S.-born Hispanic workers participating in a plan was twice as high as the rate of Hispanic workers born outside the U.S., 40 percent to 20 percent, respectively.Read More
Corporate defined-benefit plan assets totaled $2.17 trillion as of March 31, up 3.1 percent from the previous quarter. Total assets in corporate defined-contribution plans were $3.557 trillion, up 5.7 percent.Read More