Retirement Plan FOCUS Bulletin

In our first 2020 issue, we’re announcing enhancements to distribution forms, including new automation. Now forms pulled from websites will be automatically pre-filled with the participant’s demographic and plan information. We also review the impact of the SECURE Act (The Setting Every Community Up for Retirement Enhancement Act), and provide tips on improving your cybersecurity.

Our latest issue highlights the measures we’ve taken to maintain the safety and health of our customers and teammates while delivering the quality of services you’ve come to expect. We also review the new rules from the Department of Labor which state that a required document, statement, disclosure, or notice to “covered individuals” can be sent electronically as the default method of delivery.

Our new issue highlights an exciting new benefit—a mobile app will soon be available to your plan participants. This new feature allows participants to view their account balance at both a fund and source level; view their overall rate of return on a monthly, quarterly, and annual level; view and change their contribution amounts; and more. You’ll also discover tips on how to maintain a better plan, and the latest updates to the CARES Act.

Our end-of-year issue covers a new investment option coming soon—the ability for Health Savings Account holders to invest a portion of their account balance into a variety of index-based mutual funds. You’ll also discover how to maintain a better plan through an accurate year-end census submission and show you the latest 2020 COLA changes for contribution limits.