Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 23rd, 2016
PBGC Issues New Table for Determining Expected Retirement Ages
The table is for use by pension plans undergoing distress or involuntary termination with valuation dates falling in 2017. Read more >
New IRS Document Request Process to Affect Employee Plan Examinations
The agency says the updated process will reduce plan sponsors’ burden and provide consistent treatment of them, and allow the IRS to secure more complete and timely responses to Information Document Requests. Read more >
Eligibility and Vesting Policies Curtail Savings
GAO also says requiring participants to be employed on the last day of the year to receive matching contributions lowers potential retirement savings. Read more >
ERIC Suggests PBGC Expand Missing Participant Program
In a comment letter to the PBGC, the ERISA Industry Committee also encouraged a different fee structure and incorporating electronic rollovers of claimed accounts into qualified plans. Read more >
MOST READ ARTICLES
EBRI: Census Bureau Reported Inaccurate Estimates of Plan Participation
A new report by EBRI suggests that the Census Bureau’s estimates of steep declines in employer-sponsored retirement plan participation were misleading. Read more >
Millennials Grasp Importance of Retirement Savings
More Millennials than Boomers think it should be a requirement. Read more >
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