Tag: Defined benefit
The Internal Revenue Service has issued Revenue Ruling 2009-40, providing the table of covered compensation for the 2010 plan year for use in determining contributions to defined benefit plans and permitted disparity in defined contribution plan contributions.
Thanksgiving has been called a “uniquely American” holiday.
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.
Employers' investment in workers’ retirement benefits, measured by benefit values as a percentage of pay, has dropped consistently over the last decade, according to research by Watson Wyatt.
A new Callan report provides what is says are 10 lessons for managing risks and the next steps institutional investors may want to take.
The Internal Revenue Service has announced cost of living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2010.
An employer’s move to reduce its equity holdings and increase fixed-income investments in its cash balance pension plan did not represent an illegal benefits reduction, a federal judge has ruled.
Goodyear Tire & Rubber Co. will phase out a defined benefit pension plan covering union employees and set up a 401(k) plan under a new contract with the United Steelworkers (USW) union, Business Insurance reported.
Disgraced NFL quarterback Michael D. Vick has agreed to pay $416,461 in restitution to a pension plan sponsored by his company MV7 LLC to settle allegations Vick had funneled off plan assets for his personal use.
A South Carolina hospital is restructuring its retirement savings program, including a freeze on its current defined benefit plan.
Small-business employers looking for basic guidance about the array of workplace retirement plans from which they can choose can now get their questions answered at a new federal Web site.
The majority (54%) of surveyed employees reported satisfaction with their company’s retirement program.
Plan sponsors might want to prepare for the possibility of retirement plan limits dropping for 2010, Mercer said.
The U.S. Department of Labor has sued defunct Vinyl-Mark Products Inc. of Hueytown, Alabama, and the company's pension and profit-sharing plan trustees for allegedly misusing plan assets to pay the operating expenses of the company.
MassMutual has introduced an enhanced financial reporting platform and distribution process for its defined benefit and investment-only clients.
Defined benefit pension income plays a critical role in reducing the
risk of poverty and hardship among older Americans, according to a new
Standard Retirement Services has released an online defined benefit calculator that allows retirement plan participants to compare alternative pension income scenarios based on different assumptions and variables.