June 10th, 2010
Alliant Energy Corp. improperly used a 30-year Treasury rate for whipsaw calculations for lump-sum distributions from its cash balance plan to employees younger than the retirement age, a judge ruled.
June 10th, 2010
A federal judge in New Jersey has ruled that AT&T did not violate the Employee Retirement Income Security Act (ERISA) and the Age Discrimination in Employment Act (ADEA) with its cash balance plan.
April 9th, 2010
A federal court has dismissed claims that PricewaterhouseCoopers knowingly participated in a violation of the Employee Retirement Income Security Act (ERISA) anti-cutback rule by allowing Bank of America to transfer assets from its 401(k) plan to its cash balance plan.
Data & Research
April 1st, 2010
Based on an analysis of government filings, a new report claims that cash balance plan designs have enjoyed a 359% increase in six years.
January 29th, 2010
A federal court has ruled that cash balance plan
participants are not due additional benefits because a summary plan description
(SPD) failed to inform them of an offset to their benefits calculation.
January 27th, 2010
The Guardian Insurance & Annuity Company, Inc., announced that two
of its group retirement products can now be used to fund cash balance
January 15th, 2010
Kravitz, provider of cash balance plan design and administration, is
launching a series of free Cash Balance Administration workshops and
Webinars for plan sponsors.
December 11th, 2009
The Internal Revenue Service (IRS) has given plan sponsors more time to
adopt plan amendments to implement a variety of Pension Protection Act
(PPA) requirements, including allowing participants to divest out of
October 27th, 2009
CDM Retirement Consultants, Inc., a Towson, Maryland, provider of
open-architecture retirement plan solutions, is now offering
administration services for defined benefit plans, including cash
September 18th, 2009
Small-business employers looking for basic guidance about the array of
workplace retirement plans from which they can choose can now get their
questions answered at a new federal Web site.
August 24th, 2009
Security Administrators, Inc., a subsidiary of Security
Mutual Life Insurance Company, introduced a guide about fully insured plans and
cash balance plans.
July 7th, 2009
The Hartford has announced a new cash balance program for small businesses and professional entities.
June 15th, 2009
Monsanto Co. walked away with a mixed outcome from two rulings by a federal judge in Illinois—one in the employer’s favor and a second in favor of participants—regarding Monsanto’s cash balance plan.
June 2nd, 2009
Class-action law firm Keller Rohrback L.L.P on Tuesday announced the settlement of a 2006 challenge to the JPMorgan cash balance plan.
January 14th, 2009
The Payden/Kravitz Cash Balance Plan Fund, described as the "first and only mutual fund designed exclusively for Cash Balance Pension Plans,″said it has been added to 10 provider platforms
Making your practice about more than 401(k)s
Once the province of large plans, "hybrid" cash balance now makes sense for micro plans
How to know what you don't know