The case is among a number filed that challenge the “church plan” status of a health care entity’s retirement plan.
Tag: Defined benefit
Three documents set forth mortality tables to be used by certain DB plans in actuarial assumptions and the procedures to request the use of plan-specific mortality tables instead.
A research paper examines three levers that DB plan sponsors can use to enhance portfolio outcomes in a low-interest-rate environment.
The technical update specifically addresses active participant reduction event requirements.
The agency is also proposing that plan sponsors be offered a pre-filing consultation.
The Prudential Insurance Company of America has agreed to provide a group annuity contract and take on approximately $1.3 billion in pension liabilities from International Paper, focusing on vested employees with smaller monthly benefits.
However, Rick Jones, with Aon, says, “Pension risk transfer is a trillion dollar market, and much more will be settled in coming year."
DB plan sponsors have until January 31, 2018, to comply with certain reporting and payment deadlines.
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The IRS and the Treasury Department expect that the final regulations regarding closed DB plans will not be published in time for plan sponsors to make plan design decisions based on the final regulations before expiration of previous relief provided.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.