DB plan sponsors have until January 31, 2018, to comply with certain reporting and payment deadlines.
Tag: Defined benefit
With the determination letter program gone, Wagner Law Group is helping plan sponsors remain compliant with the IRS.
The agency says the additional information would help it with projections regarding its insurance programs.
In addition, advisers can use the PensionSmart Analysis tool for prospecting DB plan clients.
DB plan sponsors are accelerating funding of their plans and adopting more de-risking strategies, a survey finds.
Loan and hardship rules, in addition to reporting requirements, have been relaxed.
Fifteen percent say recommendations from their consultant or independent fiduciary is an important consideration when selecting an annuity provider.
For two types of DB plans, investment-driven liabilities (IDL) is almost risk free for plan sponsors, and at the same time, provides more meaningful benefits to participants, John Lowell, with October Three, contends.
Willis Towers Watson finds North American funds showed the most noticeable annualized growth rate over the last five years.
Similar to the settlement agreement regarding the Ascension plan, the agreement includes provisions that mimic the provisions of ERISA.
The IRS and the Treasury Department expect that the final regulations regarding closed DB plans will not be published in time for plan sponsors to make plan design decisions based on the final regulations before expiration of previous relief provided.
Income from retirement accounts would replace a median 14% of pre-retirement income for workers between the ages of 55 and 65, a new study suggests.
The disaster relief announcement provides significant leeway relating to PBGC deadlines and penalties for impacted employers and sponsors, both for single and for multiemployer plans.
Putting more into pensions cuts into plan sponsors' operating cash, which should be considered for their DB funding and investment strategies.
Among the eight states studied that offer employees such a choice, the take-up rate of DB plans was 80% or higher in six of those states.
The amendment suggests language a defined benefit sponsor might want to use.
The lawsuit accuses a number of major banks of improper collusion to protect their shares of the securities lending marketplace.
Cheiron Inc. says 114 plans covering 1.3 million workers are underfunded by $36.4 billion.
Participants successfully challenged Foot Locker’s determination of benefit accruals after the conversion of a traditional pension plan into a cash balance arrangement.
Experts with the American Academy of Actuaries argue the Annual Funding Notice process required of pension plans under ERISA Section 101(f) is “an example of a good idea gone wrong.”