For most companies, preparing a request for proposals for third-party administrators (TPAs) of nonqualiNed retirement plans is a relatively infrequent occurrence, compared with doing so when seeking TPAs for other types of beneNt plans. For that reason, companies may not follow some best practices for creating such RFPs.
BOLI Market Update – 2Q 2021 Further Contraction of Treasury Yields
Fed Signals Rates Will Stay Low – Purchases Accelerate in Q4 Into the twelfth year of historically low interest rates, and with the Federal Reserve announcing rates will not move until 2023, several headwinds continue to put a damper on bank earnings.
Prudential Announces Sale of Retirement Business to Empower – US Subsidiary of Great West Life
On July 21st, Prudential Financial announced the sale of its retirement segment to Empower, a large player in the qualified retirement plan marketplace, for $3.55 Billion.
Disability Insurance Reminder
Disability insurance tends to be one of the most overlooked benefit programs in corporate America today. However, an employee experiencing a disability event is a real threat to employers, as 25% of employees entering the workforce…
Biden Releases Budget and Green Book
FINSECA Takes a Deep Dive into the Green Book On Friday, May 28th the Biden Administration released the 6 trillion-dollar budget for the upcoming fiscal year.
Retirement Savings Crisis in the United States
The retirement savings gap in the United States is nothing new – for at least the last decade experts have warned that savings rates are down. Exacerbating the issue is the pandemic of 2020.
Group Term Life Is Not Enough
Learn about a new and easy option to offer your employees more coverage. The economic environment and health concerns brought on by the global pandemic have many Americans thinking more thoughtfully about financial plans and security.
Presidential Tax Rate Proposal
With the passing of the COVID-19 relief bill, the White House is now focusing its efforts on the tax plan proposal, scheduled to be on the docket for summer of 2021. This tax package proposes many alterations to the current tax code…
BOLI Market Update – 4th Quarter 2020
Fed Signals Rates Will Stay Low – Purchases Accelerate in Q4 Into the twelfth year of historically low interest rates, and with the Federal Reserve announcing rates will not move until 2023, several headwinds continue to put a damper on bank earnings.
IRC 162(m) | Executive Pay Limits Included in Covid Stimulus Package
The American Rescue Plan Act of 2021 (commonly referred to as the $1.9 trillion coronavirus aid package) includes a provision that will double the number of the highest-paid executives whose compensation in excess of $1 million…