ERIC members have been living with 401(k) and other defined contribution plan rules for decades. Most of the rules were developed many years ago, when the work and retirement worlds were very different. So itís not surprising that some of the rules donít reflect the emerging and diverse range of 21st century changes confronting employers and workers.
What changes should Congress consider to update 401(k) and other defined contribution plans so that theyíre more effective for a wider range of employers and workers? For example, should and how might Congress change the dollar limits, reform nondiscrimination tests, improve the safe harbor rules, allow more workers (e.g., certain contractors) to participate, improve future retirement adequacy for more workers, address longevity and long-term care risks, and/or accommodate lifetime financial wellbeing considerations?
Bring your ideas and pet peeves Ė big and small Ė to ERICís webinar on Thursday, February 21, at 2pm ET.
We are pleased to welcome back Harry Conaway to lead the discussion. Harry was previously with Treasuryís Office of Tax Policy, Mercerís Washington Resource Group (he represented Mercer on ERICís Board), and the Employee Benefit Research Institute, and this March he plans to roll out a new organization called Policy Futures Network.
A New Congress provides ERIC with the opportunity to consider and improve on proposals that were under consideration in the prior Congress and, as importantly, to develop and advance new proposals to improve and modernize 401(k) and other defined contribution plans to better meet employers and workers needs and goals for the future.
To register for the webinar, click on the "Register Now" link at the top of this page (you will need your username and password to register).
*If you are not a member and would like to participate in the webinar, please contact ERIC at 202-789-1400 or e-mail: firstname.lastname@example.org. .