The IRS has announced increases in the amount that can be contributed to retirement plans for 2024.

A little bit of background as to why we tend to use Russell indices in our quarterly reporting instead of S&P or other indices.

Retirement plan committees can help plans function more efficiently and effectively. They aren’t a requirement under ERISA, though many organizations choose to establish committees for the many advantages they offer.

Various solutions exist to reinforce retirees’ ability to manage the drawdown of the wealth and effectively use their assets and maintain a comfortable standard of living. The portfolio management can be guided and informed by plan sponsor, but the participant has some key considerations regarding longevity and liquidity risks.

A full two-thirds of employees don’t receive guidance on managing their retirement plan benefit while offboarding. Leaving 401(k) or 403(b) balances behind can result in orphaned accounts that sit unmonitored and unmanaged by participants for years — as opposed to remaining an active part of their retirement planning.

There are a number of new provisions in the SECURE 2.0 act. This list outlines some of the major changes and items that will be implemented soon.