secure 2.0

Americans leave billions in workplace 401(k) plans. DOL wants to help find their lost money.

By Courtney Degen Source: Pensions & Investments Congress has tasked the Labor Department with building a lost-and-found database to help Americans find their lost retirement savings. It's off to a rocky start. The database — mandated by the retirement package SECURE 2.0 passed in late 2022 — will allow savers who lost track of their retirement money to locate their plan administrators, which experts agree is a complex problem in need of a solution. However, the DOL’s recent proposal [...]

CORPaTH2024-04-26T15:10:54-07:00April 26th, 2024|Categories: 401(k)|Tags: 401(k), dept of labor, secure 2.0|

DB vs. DC: Wednesday Senate Hearing Dives Deep Into ‘Retirement Crisis’

By Brian Anderson Source: 401(k) Specialist That’s how Sen. Bernie Sanders (I-VT), Chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee, kicked off a hearing in Washington Wednesday titled, “Taking a Serious Look at the Retirement Crisis in America: What Can We Do to Expand Defined Benefit Pension Plans for Workers?” Most speakers during the 90-minute hearing expressed a desire for a shift back to defined benefit pension plans while other speakers, including HELP Committee ranking member [...]

CORPaTH2024-02-29T11:05:55-08:00February 29th, 2024|Categories: Retirement|Tags: Education, secure 2.0, secure act, Senate Health Education Labor and Pensions Committee|

DOL’s priorities include SECURE 2.0, ESG rule, EBSA head says

By Courtney Degen Source: Pensions & Investments The Labor Department's 2023 priorities include implementing SECURE 2.0 and its new ESG rule, while aiming to improve communication with plan participants and beneficiaries, Lisa M. Gomez, assistant secretary of labor for the Employee Benefits Security Administration, said Tuesday. The department finalized a rule in November that allows retirement plan fiduciaries to consider climate change and other environmental, social and governance factors when selecting investments and exercising shareholder rights, also overturning two [...]

CORPaTH2023-03-01T17:02:53-08:00March 1st, 2023|Categories: ESG|Tags: ebsa, esg, secure 2.0, US Labor Dept|

The Mid-Term Results and What They Mean for ESG and SECURE 2.0

By Paul Mulholland Source: PlanSponsor This year’s midterm elections resulted in Democrats keeping their narrow lead in the Senate but losing control of the House to Republicans. Republicans are expected to have a nine-seat majority in the House, and Democrats will either have a one-seat majority or the tiebreaking vote in an evenly split Senate, pending the result of the Georgia runoff election on December 6. With the House changing hands, some key committee gavels will switch from Democrat [...]

CORPaTH2022-12-08T08:10:47-08:00December 8th, 2022|Categories: ESG|Tags: esg, secure 2.0|