Since the passage of “Coronavirus Aid, Relief, and Economic Security Act” or “CARES Act” the Retirement Industry has anxiously awaited guidance on a number of open questions. During that time, regulators have issued additional relief measures designed to ease the burden on employers and their plan participants. For example, the IRS issued Notice 2020-23 on April 9, which extended many tax deadlines, including those deadlines applicable to qualified retirement plans.
|
On Friday, the President signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the largest stimulus package in American history. The CARES Act provides $2 trillion in relief to Americans and American businesses impacted by the coronavirus pandemic.
|
President Trump signed into law the Further Consolidated Appropriations Act of 2020 (FCAA). While the FCAA contains a number of important spending provisions necessary to keep the federal government from shutting down, it also contains the most comprehensive retirement reform since the Pension Protection Act of 2006.
|
This year at the SPARK Forum, SS&C Retirement Solutions will be joining 325+ leaders from across the retirement industry, including CIOs and senior IT leaders, legal and compliance, audit and risk, operations, CMOs, and business development.
|
The US House of Representatives recently passed the SECURE Act (Setting Every Community Up for Retirement Enhancement Act of 2019), and now the Senate has the opportunity to consider the legislation or pass their own version, RESA (Retirement Enhancement Savings Act).
|
Data-driven products and personalized solutions are reshaping the retirement industry. What does this mean for the industry and most importantly our clients? The opportunity to achieve and deliver better outcomes across the retirement ecosystem.
|
Many American workers who hold several jobs over the course of their careers accumulate multiple small-balance retirement accounts. This trend is compounded by 50% of plans adopting auto-enrollment provisions. When employees leave a company, they tend to leave their small-balance accounts behind, creating administrative burdens and risks for plan fiduciaries.
|
How do you juggle the competing goals of paying off student loans while saving for retirement? Or reducing debt while buying a home? Our whitepaper, Why the retirement industry needs to step up its game, discusses how engagement and education are key to reducing financial stress.
|