Tag: multiple employer plans

Two groups of people shaped in puzzle pieces joining together

At any given time, only about half of U.S. private sector workers are covered by an employer-sponsored retirement plan. As a result, roughly one-third of households end up completely reliant on Social Security at retirement, while others move in and out of coverage throughout their careers and end up with only modest balances in a…

U.S. Capitol Building across the Reflecting Pool

In December 2019, Congress passed the SECURE Act, the first major piece of pension legislation since the Pension Protection Act of 2006.  Proponents have characterized the passage of the SECURE Act as “a great victory for plan sponsors and American workers.”  I would characterize the legislation somewhat differently – the changes are generally positive but…