
Newsmakers
401(k) Balances Rise to Record in 2021
The average plan’s value rose 8% during the year to $130,700.
The proposed bill would require nearly all US companies to enroll workers in a retirement plan.
The amended ‘Secure Choice’ program would apply to companies with 10 or more employees.
Appellate court rules ERISA doesn’t pre-empt the California law that created the state-managed IRA program.
The VirginiaSaves program would require mandatory participation by eligible employers.