New York has officially joined the growing list of states requiring certain private employers to offer retirement savings options. The New York Secure Choice Savings Program (Secure Choice or the Program) is moving closer to...more
8/21/2025
/ 401k ,
Automatic Enrollment ,
Benefit Plan Sponsors ,
Employee Benefits ,
Employer Responsibilities ,
Individual Retirement Account (IRA) ,
New Legislation ,
New Regulations ,
New York ,
Payroll Deductions ,
Qualified Retirement Plans ,
Regulatory Requirements ,
Retirement Plan ,
Roth IRA ,
State and Local Government ,
State Labor Laws
It is increasingly evident that artificial intelligence (AI) is reshaping all facets of business, and its impact on employee benefit plans is no exception. From automating plan administration to personalizing participant...more
7/30/2025
/ Artificial Intelligence ,
Benefit Plan Sponsors ,
Compliance ,
Cybersecurity ,
Data Privacy ,
Data Security ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Investment ,
Investment Management ,
Retirement Plan ,
Risk Management ,
Transparency ,
Vendors
Each year, National Employee Benefits Day is a chance to reflect on the ever-changing landscape of employer-sponsored benefits. Indeed, this year may be the most pivotal since 2020’s COVID-19 relief guidance. Affecting the...more
As we prepare for another change in Administration in the White House, it is crucial for employers and plan sponsors to stay informed and prepared. While much of what lies ahead is speculative, understanding these possible...more
12/2/2024
/ 401k ,
Affordable Care Act ,
Benefit Plan Sponsors ,
Employee Benefits ,
Flexible Spending Accounts ,
Health and Welfare Plans ,
HSA ,
ICHRA ,
Immigration ,
Retirement Plan ,
Tax Cuts and Jobs Act ,
Trump Administration ,
Wage and Hour
On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act of 2022 (“SECURE 2.0”, HR 2954). The vote was largely supported by both parties (414-5). The Senate will likely act on the bill...more
On May 11, 2021, the City Council of New York enacted a local law to establish a retirement savings program for certain employees of private entities.
What are the Details?
The new law creates a mandatory...more