A Year Out of Time: Our Survey Tracks How DC Plans Operated in 2020

The Callan 2021 DC Survey covers the SECURE and CARES Acts, and the impacts of the COVID-19 pandemic, along with the key tenets of DC plan management.

Breaking the Ice on Retirement Income Solutions—A Conversation Starter

While prevalence is low, DC plans are increasingly adding a discussion of retirement income solutions to their agendas.

Rapid Shift to Working from Home Increases Cybersecurity Risks

Takeaway: DC plan sponsors and other organizations should be careful to remind employees and plan participants of proper cybersecurity practices in a time of increased cyber vulnerability. Background: With much of the U.S. workforce engaging in social distancing and isolation best practices, we have seen a shift to working remotely at an unheard-of pace. Additionally, there is […]

Supreme Court Defines ‘Actual Knowledge’ in DC Plan Suit

The Supreme Court in late February ruled that the statute of limitations for lawsuits alleging breach of fiduciary duty under ERISA will only be reduced to three years “when a plaintiff actually is aware” of the facts of a breach, “not when he should be.” Background: ERISA lawsuits alleging breach of fiduciary duty are typically restricted […]

Legislative Fixes for the Student Debt Tsunami

A quarter of Americans have student loans, and the U.S. student debt burden grew to $1.5 trillion in 2018. This issue impacts new employees entering the workforce, career workers, and parents who have borrowed to finance their children’s education. As financial wellness becomes a common theme in employee benefits, and as employers look to manage […]