Awards and Honors
Awards and Honors Awards and Honors MissionSquare Retirement, in partnership with our clients, has received more than 200 awards and honors for our education and communication programs. Awards and Recognition We’re committed to excellence in every aspect of our service to participants, plan sponsors, and consultants. Together with our clients, we’ve been honored by numerous organizations for our work, including our digital solutions, marketing and communications campaigns, retirement plan designs and administration, community initiatives , and commitment to being a top
SECURE 2.0
SECURE 2.0 SECURE 2.0 SECURE 2.0 is part of the Consolidated Appropriations Act of 2023 and is designed to improve retirement savings options. SECURE 2.0: What Public Service Employers Need to Know MissionSquare Retirement is your partner in navigating the provisions of the SECURE 2.0 Act of 2022 and optimizing its impact for public service employees. On Jan. 10, 2025 ... MissionSquare Retirement does not offer specific tax or legal advice. The information presented here is for educational purposes only and is not to be construed or relied upon
https://www.missionsq.org/about-us/news-and-updates/secure-20.html
IRS Notice Offers Flexibility, Relief to RMD Rules
to certain provisions of the after-death required minimum distribution (RMD) rules as directed by the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. This notice provides ... of the after-death required minimum distribution (RMD) rules as directed by the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. This notice provides valuable flexibility ... " exception. For more information on SECURE 2.0 or other retirement policy issues, contact Erica McFarquhar , Deputy General Counsel, or Irica Solomon , Head of Government Affairs. a/19
IRS Issues Proposed Regulations on SECURE 2.0 Catch-up Contributions
NEWS 20250121-NEWSIRSIssuesProposedRegulations IRS Issues Proposed Regulations on SECURE 2.0 Catch-up Contributions On Friday, January 10, 2025, the Department of the Treasury and the IRS (collectively, the IRS) released proposed regulations addressing three provisions of SECURE 2.0 that impact catch-up contributions to certain types of employment-based retirement plans: Section 603, which ... and the IRS (collectively, the IRS) released proposed regulations addressing three provisions of SECURE 2.0 that impact catch-up contributions to certain types of employment-based retirement plans
MissionSquare Research Institute Finds Substantial Expansion of Auto Enrollment, But Auto Escalation Lags
features in state and local government defined contribution (DC) retirement plans has expanded substantially during the past 15 years, with 17 states and the District of Columbia requiring or permitting ... . In the private sector, however, automatic enrollment is becoming a standard practice, with two-thirds of DC retirement plans incorporating automatic escalation. These findings are outlined in a new report ... of Georgia, and released during National Retirement Security Month. The report offers automatic enrollment and escalation case studies for public sector retirement plans in California, Georgia, Kentucky
New MissionSquare Research Institute Survey Reveals Significant Financial Concerns Among Women in Public Service
having enough money for retirement. In contrast, only 30% of men share these concerns. These findings persist even though most state and local employees have access to defined contribution accounts ... . Read the full research issue brief, Retirement Survey: Breakouts by Gender . “Our research underscores the substantial financial challenges faced by women in public service, particularly regarding retirement,” said Zhikun Liu, Ph.D., CFP ® , Head of MissionSquare Research Institute. “Women are significantly less likely than men to report having personal savings, pensions, or defined
MissionSquare Research Institute Unveils Top Public Service Workforce Trends for 2024
Institute has identified five key workforce trends to watch in 2024. The trends focus on engaging younger workers, expanding and enhancing retirement plan features, promoting financial wellness ... in 2024 to help solve a multitude of workforce challenges and become employers of choice. Deanna J. Santana, Acting Chief Executive Officer and President of MissionSquare Retirement , said, "Last ... workers a formidable challenge. MissionSquare Retirement is proud to present innovative, solutions-oriented research from our Institute in 2023, offering strategies to overcome public service
During America Saves Week, MissionSquare Reaffirms Dedication to Strengthening the Economic Security of Public Service Employees
Employees Face Financial Struggles During America Saves Week, MissionSquare Retirement reiterates its commitment to supporting the financial health and retirement goals of the public service ... money to last through retirement. Read about America Saves Week . "The financial security of the public service workforce is a growing concern across the nation," said Lynne Ford, CEO and President of MissionSquare Retirement. "These are the people in our neighborhoods who keep us safe, ensure we have clean drinking water, and deliver services to the vulnerable and elderly. We rely
401(a) Defined Contribution Plan
organizations and not-for-profits. A 401(a) Defined Contribution Plan allows participants to save and invest money for retirement with tax benefits. An employer can offer both a 401(a) plan and a 457 deferred compensation plan; because of the separate contribution limits, the plans can work together to help build a secure retirement. What Is a 401(a) Plan? A 401(a) may include an employer ... be permitted to contribute additional after-tax dollars as well. Contributions to 401(a) plans are tax-deferred, meaning that contributions grow tax-free until withdrawn in retirement when the funds
https://www.missionsq.org/products-and-services/401(a)-defined-contribution-plans.html
New Report Highlights Financial Challenges for Women in Public Sector Jobs
. Most female public employees have access to retirement plans and stay at their jobs longer, which tends to improve retirement outcomes. However, women in the public sector continue to earn ... of Research. “The good news is that state and local governments typically offer robust retirement benefits, which bolsters women’s financial wellbeing in retirement. But persistent challenges like ... to consider that can help shore up the financial wellbeing of women who serve their communities.” The key findings of this report about women in the public sector are as follows: Retirement Plan