Thought Leadership

New bill targets employer-sponsored retirement plans

April 18, 2019| By Mindy Zatto, FSA, EA, FCA, MAAA

Pending legislation could significantly revise the rules for employer-sponsored retirement plans. SBA summarizes key provisions of the bill and their potential impacts on both plan sponsors and participants.

Legislation,RESA,Retirement plans,SECURE Act

Where plan sponsors and recordkeepers stand on multi-factor authentication

August 14, 2019| By Kim Shumate

Nonqualified retirement plans are less common — and more frequently misunderstood — than their qualified plan counterparts. This article highlights common nonqualified plan challenges that HR managers and benefits coordinators may encounter.

BenefitsPRO,multi-factor authentication,security

How to walk the line with pension overpayments

June 18, 2019| By Mindy Zatto, FSA, EA, FCA, MAAA and Mary Shah, FSA, EA, FCA

SBA principals Mary Shah and Mindy Zatto discuss ways to recoup pension overpayments that satisfy regulators and do not place burden on retirees, as well as how to prevent overpayments from happening.

defined benefit plans,pension overpayments,PLANSPONSOR

Finding the right voluntary benefits broker may be trickier than clients realize

June 18, 2019| By Jay Schmitt, ASA

When selecting a provider for voluntary benefits, small to midsize companies often turn to the same broker that serves their medical or retirement plan needs. But medical and retirement benefits brokers may lack the knowledge or impartiality required to deliver optimal service in the voluntary benefits space. An unbiased third party that neither sells insurance products nor receives commissions when its clients select insurance products can help with the broker search.

Employee Benefit News,vendor search,voluntary benefits

Is your nonqualified plan causing you anxiety? Here’s what to do

May 6, 2019| By Lynn Bullard, ASA, EA, FCA

Nonqualified retirement plans are less common — and more frequently misunderstood — than their qualified plan counterparts. This article highlights common nonqualified plan challenges that HR managers and benefits coordinators may encounter.

Employee Benefit Advisor,Nonqualified plans

Safeguarding DC plan data is about more than cybersecurity

February 27, 2019| By Andy Adams and Jay Schmitt, ASA

The onus of safeguarding plan participants from fraud does not fall solely on the recordkeeper. Both DC plan sponsors and recordkeepers need to agree on fraud-resistant processes that are clearly documented, rigorously implemented and consistently followed. Here are a few tips.

PLANSPONSOR,retirement plan data fraud

Plan sponsors could consider a different solution to provider woes

December 4, 2018| By Andy Adams and Jay Schmitt, ASA

Occasional employee complaints about a benefit plan are inevitable. But when they become a regular occurrence, it can point to more significant problems with a plan administrator or other vendor. Companies that find themselves in this position have several options — including an often-overlooked option that we call "vendor recovery."

PLANSPONSOR,retirement plan providers,vendor recovery