CIEBA, the Committee on Investment of Employee Benefit Assets, represents more than 100 of the country's largest pension funds. Its members manage almost $2 trillion of defined benefit and defined contribution plan assets on behalf of 15 million plan participants and beneficiaries. As the largest organization of corporate pension investment officers, CIEBA represents the interests of employee benefit plan sponsors before legislators, Congress, regulators, and the media. Click here to learn more. 

CIEBA in the News

CIEBA Survey Reveals Potential Negative Impact of Tax Reform on 401(k) Participants

With Congress set to consider tax reform in the coming months, one proposal being considered to raise tax revenue is to eliminate the traditional pre-tax defined contribution plan in favor of a "Roth-only" system.

This "Rothification" proposal could create major difficulties for retirement plan sponsors attempting to communicate with their participants. Further, millions of American workers, including the almost 6 million who are employed by CIEBA member companies, could see their retirement savings greatly decrease while they try to navigate a drastically changed retirement system.

For more information, including analysis from our Executive Director Dennis Simmons, CIEBA has discussed this survey and its findings with Pensions & Investments, PLANSPONSOR, and ASPPA.

View All CIEBA Member Surveys Here

 

 

CIEBA Reiterates Importance of DOL Fiduciary Rule in Retaining Fiduciary Protections for Participants

As the DOL continues to evaluate the impact of its newly implemented Fiduciary Rule, CIEBA thanked the Agency for retaining fiduciary protections for 401(k) plan participants in the marketing of Individual Retirement Accounts (IRAs), especially when participants leave employment and are eligible to receive distributions. We reiterated our belief that all Americans who consider rolling over their savings into IRAs, including the almost 6 million people enrolled in CIEBA member defined contribution plans, ought to be protected from advice that conflicts with their needs. We reiterated to the Agency that these investment advisors ought to be held to a strong fiduciary standard, just as CIEBA member companies adhere to strong fiduciary standards in managing DC plans for their employees.

 

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