Tag: Cash Balance

Nominating a plan sponsor client is a great way to show appreciation and highlight important best practices that are improving outcomes for defined contribution and pension plan participants. Nominations for all types of retirement plans will be considered, so don’t delay. 

Participants successfully challenged Foot Locker’s determination of benefit accruals after the conversion of a traditional pension plan into a cash balance arrangement. 

They allow the plan to give higher contributions to the owners.

Transamerica and Sage Advisory Services have teamed up on a solution to ensure that the investments meet the plan’s needs in helping prepare employees for retirement.

Generally, an IRS memo says, if the terms of the plan specifically allow the employer to vary the employee’s compensation used in the benefit formula, the plan would violate the definitely determinable rule.

An opinion handed down by The United States District Court for The Western District Of North Carolina, Charlotte Division, rules in favor of the defendant, Bank of America, which...

This is a friendly reminder that 2017 PLANSPONSOR Retirement Plan Sponsor of the Year nomination forms are still available. Don't wait to nominate—time is running out! 

Kravitz released the 2016 National Cash Balance Research Report, showing a 19% increase in the number of new cash balance retirement plans and a rise in assets to $1 trillion. 

More plan sponsors than ever are looking to convert their pensions to group annuities.

The agency filed a brief in a federal appellate court case about whether Foot Locker misled employees upon conversion from a traditional pension to a cash balance plan.

Comments are due to the FASB by April 26.

The Internal Revenue Service is implementing new market rate of return rules for hybrid pension plans. 

James E. Turpin, with The Turpin Consulting Group, has one concern with the submitted document he’s seen.

The features of cash balance plans that make them easier to understand and make costs more predictable also create opportunity for advisers with skill structuring DB investments.

Growth figures this year are in line with a previous Kravitz report that found the number of these plans surged 31% in 2013.

They now comprise 28% of all defined benefit plans.

Cash balance plans and ESOPs can now be submitted for an approval letter from the IRS.