A pension plan that has changed actuarial services firms can have a change in funding method automatically approved.
Tag: Cash Balance
In Amara v. CIGNA Corp., an appellate court has once again agreed that a change in plan terms is an appropriate remedy for plan misrepresentations.
Sage Advisory Services and July Business Services launched a full-service packaged solution for cash balance plans.
Sponsors of hybrid retirement plans for employees now have clarity about how to credit interest to these plans.
The Internal Revenue Service (IRS) has issued final regulations for hybrid retirement plans.
A federal appeals court has found a retirement plan participant need not show “harm” to pursue a remedy of plan reformation for failing to disclose information.
U.S. workers hold almost half of their investable assets in low- or no-return cash strategies, potentially jeopardizing retirement readiness in an effort to avoid risk.
The Illinois-based DATAIR Employee Benefit Systems, Inc., has released a new suite of software, training and support services for consultants and administrators of 401(k) plans.
There are many factors that contribute to how much retirement income a plan will generate, according to a new analysis.
Cash balance retirement plans have showed a 500% increase over the last decade and a 12% increase over the last year, a report found.
Cash balance plans are growing in popularity and could overtake 401(k) retirement plans within the next few years, according to research from Sage Advisory Services.
Fewer American families are participating in a retirement plan at work, but more of those with a plan are in a 401(k), a report found.
Cash balance plans can offer small-business owners a way to increase retirement savings
DailyAccess Corporation formed a strategic alliance with October Three, LLC, an actuarial, consulting, and technology firm.
The Treasury Department and the IRS intend to postpone the effective/applicability date regarding special rules for statutory hybrid plans, relating to interest crediting rates under a cash balance or other statutory hybrid plan.
Flex-Soft Inc. has added a cash balance analysis to its retirement plan comparison tool, PSCnet.
Who says defined benefit plans are dead? Panelists at the PLANADVISER National Conference in Orlando last week discussed the potential future of plan types other than defined contribution plans.
Hank Kim, Esq., Executive Director and Counsel for the National Conference on Public Employee Retirement Systems (NCPERS), has unveiled a proposal for a new type of retirement plan.
Paying a lump-sum distribution from a cash balance plan that was half of what a participant would have received if the plan had not been terminated was not a violation of the Employee Retirement Income Security Act’s (ERISA) anti-cutback rule, a court has ruled.
PricewaterhouseCoopers (PwC) was unable to prove that its calculation of benefits for cash balance plan participants satisfied the Employee Retirement Income Security Act (ERISA), a court found.