Follow Legislation and Regulations
Legislative and Regulatory Issues Plan Sponsors Need To Follow in 2013
A series of focus group discussions with employers from across the nation confirms that:
- Plan sponsors pay careful attention to their fiduciary responsibilities and should continue to invest time and energy keeping abreast of regulatory and legislative issues;
- Plan sponsors are opposed to state-run multi-employer plans such as those created by legislatures in Massachusetts and California and should urge their Advisor to get involved;
- Despite the pressure on the Federal government to raise taxes, plan sponsors are not as concerned as they should be about potential cuts to maximum contribution levels.
These are all issues on which a qualified retirement plan advisor can provide expert guidance.