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News Archive
QOTW: Annuities in TDFs
We have had some questions lately about annuities in target-date funds after a recent report from Cerulli. We haven't heard of many plan sponsors offering these yet, but are curious if anyone is, and if it will be a trend in the future. We asked members in this week’s QOTW if they offer a TDF with an annuity and their thoughts on these products.... Read More >>
QOTW: Gen Z Savers
Last week a new report from BlackRock showed that Gen Z savers are saving at higher rates than other generations – at an average of 14% of pay (though the report doesn’t specify if that is deferrals only or includes employer contributions). This seems high, but the notion that younger workers are saving at higher rates than other generations is... Read More >>
2022 HSA Survey
PSCA's annual HSA Survey is out now. Read more> Read More >>
QOTW: Contribution Changes
Last week a reporter asked for data on companies suspending 401(k) contributions due to economic conditions. This is not something we had heard from members – in fact we know many companies are looking at increasing contributions and benefits to attract talent. But a google search shows a couple companies announcing match suspensions so we asked... Read More >>
2023 Retirement Plan Limits
As expected, many of the key plan limits increased for the 2023 plan year including the elective deferral limit, the DC Plan combined limit, and the annual compensation limit. Below are the limits for 2020-2023 – click here for a downloadable version. See IRS notice 2022-55 for a complete list of all plan limitation amounts. 2020 2021 2022... Read More >>
QOTW: Catch-ups
A provision in the EARN bill in the Senate included a requirement for catch-up contributions to be Roth after-tax contributions (as a pay-for for other provisions). We wondered how much participants actually use the catchup provisions and what impact a Roth requirement would have. Thirty percent of respondents indicated that about half of eligible... Read More >>
QOTW: ESG Suitability
Opinions on ESG funds are as polarized as … well as politics in this country these days. And the fact that guidance on ESG shifts depending on which political party is in the white house, it is no wonder. And, it looks like we may be getting more guidance soon. A recent reader poll of advisors by NAPA.net showed some shift in opinions about ESG... Read More >>
QOTW: Inflation and Plan Loans
A member mentioned they have seen an increase in participants asking about plan loans lately and wondered if others are and if they are contemplating any changes to loan or hardship provisions. We asked members in this week’s QOTW what they are seeing and also asked if they are providing any specific education around this topic. Nearly 30 percent... Read More >>
QOTW: SSA Letter
A member recently reached out wondering if any other members receive a lot of inquiries from former employees about a letter from the Social Security Administration stating that they may have a retirement benefit with the company. As these letters tend to cause confusion, the member was wondering if there is a standard template or language... Read More >>
QOTW: Plan Entry Dates
Recently a member asked if we had any information on when plans allow participants to enroll in the plan, separate from service requirements – if participants are allowed to enroll as soon as they are eligible (next pay period) or if (administratively) there are set plan entry dates. We used to include this question in our annual survey of 401(k)... Read More >>