A court has found Anheuser-Busch does not owe enhanced benefits to former employees who accepted employment with a company that bought an Anheuser-Busch subsidiary.
Calculations of lump sum pension benefits consider cost of living adjustments (COLA) participants would have received if they had taken an annuity at retirement.
While the fiscal cliff deal left tax treatment of retirement savings unchanged, it includes a provision for retirement plans that could generate revenue right away.
The case against Ameriprise Financial Inc. over its 401(k) investment options is moving forward with a pretrial conference date set for early next month.
The Internal Revenue Service (IRS) website explains what defined contribution (DC) plan sponsors can do if they fail to timely deposit withheld salary deferrals.