The Department of Labor this week published an FAQ regarding pension-linked emergency savings accounts, or PLESAs, which were mandated by the 2022 Secure 2.0 Act. PLESAs are short-term savings accounts established and maintained within a defined contribution plan, according to the agency. The FAQ covers PLESA eligibility, employer responsibilities, contribution rules and more.
Business inventories hold steady in March
Business inventories in March came in at $2.54 trillion, down 0.1% from the month prior and up 0.6% from a...