PLANSPONSOR

The Future of Work in an Aging World Join PLANSPONSOR and Corebridge Financial for a webinar on June 20 as experts discuss the future of retirement planning with a much older workforce. https://bit.ly/3RjKi3c #agingworkforce #retirementplans #healthcare The Longevity Project

The U.S. Treasury is sharing data with state Treasurers to facilitate reuniting $30B of abandoned savings bond assets with their owners. PLANSPONSOR https://bit.ly/3Rx0jmm #unclaimedproperty #savingsbonds #foundmoney

Check out the photo gallery for our 2024 PLANSPONSOR National Conference and Excellence in Retirement Awards Dinner online now. Photos by Matt Kalinowski, mattkalinowski.com. https://bit.ly/4c4zle7 #PLANSPONSOR #retirementplansponsors #PSOY #PSNC

The Graphic Communications National Pension Fund, formerly the GCC/IBT National Pension Fund, has agreed to a settlement to repay more than $8 million in excess funds it received under the Pension Benefit Guaranty Corporation (PBGC) Guaranty Corporation’s Special Financial Assistance Program. The fund was also required to pay 2.25% in annual interest on that amount starting from May 14. Under the terms of the SFA program, applicants are required to provide documentation of an independent death audit to identify deceased participants. The U.S. Department of Justice said that the Graphic Communications National Pension Fund’s census erroneously included approximately 371 deceased participants. The error was spotted during an audit conducted by the PBGC’s Office of Inspector General, which determined that the $1.5 billion in funding was overstated by approximately $8 million. The Justice Department said the pension fund cooperated with its investigation and assisted with the actuarial analyses needed to calculate and validate the amount of the excess funds. Additional details can be found here in this post from PLANSPONSOR: https://lnkd.in/eaPEv8Tn #401k #retirement #retirementplans

The Future of Work in an Aging World Join PLANSPONSOR and Corebridge Financial for a webinar on June 20 as experts discuss the future of retirement planning with a much older workforce. https://bit.ly/3RjKi3c #agingworkforce #retirementplans #healthcare The Longevity Project

When it comes to running strong retirement plan committees, Alex Ortolani writing for PlanAdvisor points out that organization, documentation, and flexibility are crucial strategies for plan sponsors and their advisers to follow. These were all highlighted during a June 7 panel at this year’s PLANSPONSOR National Conference in Chicago. Committees can vary greatly in shape and size, depending on the organization's size and needs. As Julie Doran Stewart, head of fiduciary advisory services at Sentinel Group, mentioned, success doesn't come from following a set list of procedures but from creating a process that best meets the plan sponsor's goals and adhering to it. There's more for plan sponsors regarding structuring plan committees here: https://lnkd.in/gQh4ts8N #plansponsors #plancommittees #401k #retirementplans #hr

It's powerful to help shape national conversations about retirement equity! Last week our team members Sal, Laurie and Lillian were busy at PLANSPONSOR's National Conference in Chicago connecting with partners, learning and sharing about our commitment to providing equitable retirement benefits for caregivers. #Retirement #FinancialPlanning

A federal judge has ruled in favor of the Humana Retirement Savings Plan, dismissed an #ERISA excessive-fee lawsuit. PLANSPONSOR https://lnkd.in/eknRHGEU #definedcontribution #retirementplanlitigation #fiduciaryduty

We had a great time attending the PLANSPONSOR National Conference last week in Chicago! Highlights: 💡 Amy Resnick, Brendan McCarthy, Sean C Bjork, CIMA®, CPWA®, AIF®, and Kevin C. kicked off the morning by providing the landscape for #retirementincome options. 📖 Scott Mayland, Matthew Gray, and Christopher McGlynn, CEBS®, CRPS® did a great job highlighting the aspects #plansponsors should consider when implementing an #annuity solution in-plan. 🏛 Assistant Secretary of EBSA, Lisa M. Gomez, discussed Cybersecurity, #AI, and the ever-hot Retirement Security Rule

So many details, so many devils. Lots of important plan design features, and implications, to consider.