NWCM is pleased to introduce the inaugural edition of Fiduciary Focus, a summary of key fiduciary and regulatory topics tailored especially for Plan Sponsors. Each edition of the Fiduciary Focus will be designed to provide insights and guidance relevant to retirement plan management and administration. We invite you to share this with your network of […]
This compliance calendar is designed to help Defined Contribution Plan Sponsors stay up to date on 2021’s important regulatory deadlines. Please note, this calendar is meant for informational purposes only and not to be all-inclusive. For additional information, please reach out to your recordkeeper or third-party administrator. Click the calendar image below to view the […]
Summary of Recent Enacted & Proposed Legislation Affecting Governmental 457(b) Plans November 24, 2020 The SECURE Act and the CARES Act, two major pieces of retirement-related legislation, were passed into law over the past year. Additional legislation, known as the SECURE Act 2.0, has also recently been introduced and has garnered bi-partisan support. Plan sponsors […]
Summary of 2021 Retirement Plan Limits November 9, 2020 On October 26, 2020, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations (“COLA limits”) for employer-sponsored retirement plans for tax year 2021. Most limits for employer-sponsored plans remain unchanged for 2021. A summary of the changes is shown in the table below. […]
Introduction Environmental, Social, and Governance (ESG) investing has grown dramatically in popularity and the investment industry expects this trend to continue. According to a 2018 US SIF report, sustainable investments now account for approximately one quarter of all assets under professional management in the U.S. What was once a niche market has now become a […]
Over the past few months the coronavirus pandemic has drastically transformed the way we live and work, with many businesses being forced to abruptly shift operations due to stay at home orders. As of April 2020, more than 300 million people in the United States were placed under state or local directives to stay at […]
Plan sponsors and participants have won a significant victory in the effort to maintain access and transparency with respect to benefits communications. The finalized rule, entitled “Default Electronic Disclosure by Employee Pension Benefit Plans under ERISA” was released on May 21, 2020, to almost universal acclaim. To quote from the Summary of the release: “The […]
As the following performance data of the S&P 500 attests, the recent rally in stock prices has been a gift! Three events account for the S&P 500’s spectacular recovery. 1. Massive fiscal and monetary support for credit markets, companies and the economy. 2. Hope for the continued progress in taming the coronavirus pandemic, especially the […]
The past several emails from NWCM to clients have focused on the pandemic and on the bear market. Staff have been getting an extra hour or two of sleep lately with the recent market rally. (Hopefully, clients have been sleeping better, too!) In the near future, client emails will most likely revert to our thoughts […]
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