The Congressional Budget Office now expects Social Security’s OASI trust fund to run out in 2032, earlier than previously forecast. After that, benefits could still be paid, but only at about 77% of scheduled levels, meaning an automatic cut of roughly 23% unless Congress acts. Higher inflation, lower tax revenue, and an aging population are driving the faster depletion.

This guide outlines a practical, defensible process for documenting and escalating manager breaches. It covers early warning signs, how to capture facts and dates, preserve evidence, maintain a chronological log, and document communications and corrective actions. It also provides an escalation path, from internal review through regulatory reporting or manager replacement, ending with retention best practices and lessons learned.

Annuities and guaranteed lifetime income features can be used within Qualified Default Investment Alternatives (QDIAs). We highlight recent Department of Labor guidance confirming that annuity components, when properly integrated, do not disqualify QDIAs and outlines key fiduciary considerations as retirement planning shifts from accumulation to sustainable income.

3(16) Administrative Fiduciary Services shift daily administrative fiduciary tasks to the recordkeeper, reducing fiduciary exposure. They manage participant transactions such as hardship withdrawals, loans and default notices, QDRO processing, rollovers, force-outs, and required minimum distribution monitoring. They also cover notices, reporting, and disclosures, quarterly statements, SPD/SMM upkeep, required participant notices, and support for Form 5500-related filings wher