Tag: Cash Balance

AT&T Cleared in Cash Balance Suit

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.

PwC Cleared of Anti-Cutback Claims over BofA Plan Transfers

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.

IRS Delays Plan Amendment Timetable

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 company stock.

CDM Retirement Consultants Adds DB Administration

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 balance plans.

Platforms Pick up Cash Balance Fund

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

Branching Out

Making your practice about more than 401(k)s

Best of Both Worlds

Once the province of large plans, "hybrid" cash balance now makes sense for micro plans