There may be more upfront effort with smaller clients, but once they are on board, they take less time, according to Cerulli.
Tag: DB plan
They have until mid-September to deduct pension plan contributions at the rate of 35%; after that, the lower 21% rate kicks in.
A mere 21% feel confident about drawing down their retirement plan assets, Ameriprise Financial found in a survey.
A federal appellate court affirmed a lower court decision that a change to Northern Trust's DB plan benefit formula does not violate ERISA or the Age Discrimination in Employment Act (ADEA).