To elevate the importance of personal retirement planning, NAGDCA is working with the House and Senate to pass a congressional resolution supporting National Retirement Security Week (NRSW) in October 2018. Plan administrators can take advantage of NRSW to promote awareness of their plans and their many benefits. Promotions can come in a variety of ways, … More National Retirement Security Week
While Capitol Hill is customarily very active when addressing pension and retirement savings reform, they have been remarkably quiet since the passing of the Tax Cuts & Jobs Act at the end of last year. Several changes were on the table, primarily “Rothification” which could have resulted in retirement savings plans being changed to only … More Washington Update
Many plan administrators have a challenge with participants not keeping their beneficiary designations up to date. Keeping beneficiary information current is important to a participant’s family and their future financial well-being. Unfortunately, it’s easy for participants to forget this critical designation when life changes occur. If a participant has a life change – e.g., marriage, … More Keeping Beneficiary Designations Up to Date
Defined contribution plans and their partners share many important pieces of personally identifiable information (PII). Therefore, plan administrators should implement measures to protect PII and their participants from cyberattacks wherever possible. Types of PII that are shared in normal, day-to-day plan activity can include: Name Date of birth Social Security number (SSN) Address Email address … More Cybersecurity and Your Retirement Plan – Are Your Participants at Risk?