They have until mid-September to deduct pension plan contributions at the rate of 35%; after that, the lower 21% rate kicks in.
Tag: defined benefit plan
A mere 21% feel confident about drawing down their retirement plan assets, Ameriprise Financial found in a survey.
How Hearst Corp. followed a prudent process to choose its qualified default investment alternative.
However, if retirement expenses are reduced to 80% of average expenses, 82.1% are on track to not run short.
A survey finds that to prevent future retirees from challenges, governments and employers will have to step up to the plate.
Favorable equity market and interest rate forces resulted in a 2% increase in the average U.S. pension plan funded status during April.
Participants who work with a traditional or online adviser are on track to replace 116% of their income. Those working with any paid adviser, 91%, and those with no adviser, 51%.
This enables corporations to expense their contributions at a higher tax rate, according to Cerulli.
One-third of North American workers surveyed said their employer does not offer retirement education or coaching.
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).
With the health care industry facing many uncertainties, organizations are looking to attract top talent.