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.
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.
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.
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.