Amy Resnick
Chief Information Officer at Plan Sponsor
Financial Journalist at Freelance
Financial journalist. Fixed income/public policy nerd. Supporter of women in journalism, finance, life. Opinions are my own. RTs not endorsements.
Articles
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2 weeks ago |
planadviser.com | Amy Resnick
Julie Su, acting secretary of labor in the Biden administration, wrote in a recent column that cuts being made by the Trump administration and the Department of Government Efficiency Service Temporary Organization are putting workers, and retirement and benefit plans, at risk. Su, who is now a senior fellow at The Century Foundation, published an article on April 3 discussing the DOL’s accomplishments during Biden’s tenure.
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2 weeks ago |
planadviser.com | Amy Resnick
On April 3, the Department of Labor issued a field assistance bulletin to clarify for the administrators of defined benefit pension plans how to furnish annual funding notices to participants, beneficiaries and the Pension Benefit Guaranty Corporation and remain in compliance.
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2 weeks ago |
plansponsor.com | Amy Resnick
The Portability Services Network has achieved remarkable success in its first year of operations, with more than 15,000 plan sponsors—representing more than 4 million active participants—adopting PSN automatic portability. This milestone is not just a statistic.
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2 weeks ago |
plansponsor.com | Amy Resnick
Q: I realize that, with limited exceptions, all employees must be given the opportunity to make elective deferrals to a 403(b) plan under the universal availability provision, but can a 403(b) plan impose a minimum age requirement—say, age 21—for an employee to make elective deferrals? Kimberly Boberg, Kelly Geloneck, Emily Gerard and David Levine, with Groom Law Group, and Michael A.
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2 weeks ago |
plansponsor.com | Amy Resnick
Once a new retirement plan is operational, fiduciaries should know how to avoid prohibited actions, mitigate fiduciary exposures and correct plan errors. Regulations under the Employee Retirement Income Security Act require plans to avoid conflicts of interest and self-dealing. Plan fiduciaries must avoid business transactions prohibited by ERISA, to prevent dealings with parties who potentially could exercise improper influence over the plan, unless a transaction has been exempted.
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