Tag: cash balance plans

October Three argues these specific cash balance options can achieve lifetime income through regular payouts to retirees.

Companies with fewer than 10 employees own more than half of all cash balance plans, a group of retirement plans...

The retirement reform legislation requires interest credits to be “reasonable” and no higher than 6%.

An analysis from October Three also finds certain industries are more drawn to the plan design that is viewed as...

A court ordered Colgate-Palmolive to recalculate benefits paid to certain retirees from its cash balance plan but stayed the relief to allow time for an appeal.

For cash balance plans that were left unfrozen, small business employers may have been able to utilize a PPP loan to fund it. 

A court disagreed with plaintiffs that CIGNA was not following orders when calculating remedies in the case, and the court has now denied a review of that decision.

Plaintiffs in the long-standing Amara v. CIGNA case say the company is using alternative methods than what a court ordered to calculate cash balance plan benefits that would take...

Steidle Pension Solutions, LLC (SPS) announced that plan sponsors using SPS administration and actuarial services will pay only $1,200 for full-service administration, and its plan document restatement fee...

This year, the Practice Development column in PLANADVISER print explored various ways retirement plan advisers can expand their practices beyond 401(k)s, with the goals of adding new revenue...

The complaint suggests MetLife is failing to meet its obligations to ensure different annuity options offered to pension plan participants are actuarially equivalent default benefit, as required under...

Employers have boosted their contributions by 30%, a Kravitz report finds.

Internal Revenue Code (IRC) Section 411(d)(6) provides that an accrued benefit may not be decreased by amendment.

October Three analyzes five different interest crediting rates used by cash balance plans and how they affect funding and participant benefits.

“What actually is a strategic plan termination?” This is a question Dan Kravitz hears quite a lot from both defined benefit plan sponsors and retirement specialist advisers.

The appellate court found Bank of America did not profit from transferring participants' 401(k) accounts to a cash balance plans and noted that previously the bank entered into...