Monthly Archives: September 2024

I’m all for states requiring employers to offer a retirement plan or join the state-endorsed IRA program. It increases retirement plan coverage and as a member of the 401(k) industry, it can increase the potential client pool. According to a … Continue reading →

There are plenty of cases out there, arguing that plan sponsors that use forfeitures to reduce employer contributions rather than paying administrative expenses are creating a fiduciary breach and a prohibited transaction. While most of my clients won’t be subject … Continue reading →

The Internal Revenue Service issued interim guidance on employer matching contributions made to retirement plans related to qualified student loan payments (QSLPs) made by employees. The guidance, Notice 2024-83 addresses issues that may arise for 401(k), 403(b), governmental 457(b), or … Continue reading →

Third Party Administrator Prime Pensions Inc. has purchased third-party administrator Valley Forge Pension Management. Florham Park, New Jersey-based Prime Pensions will bring on the additional plans. The deal brings Prime Pensions, founded in 2012, to more than 11,000 plan clients … Continue reading →

Lincoln Financial Group announced the addition to its in-plan guaranteed income investment offerings for defined contribution retirement plans. Lincoln PathBuilder, powered by YourPath, will be offered to participants through a managed account or as a stand-alone investment option in a … Continue reading →