Tag: Defined benefit

GAO: Current Retirement Income Options Have Drawbacks

Following the deadline for responses to the Department of Labor and Treasury Department’s request for information about lifetime income options in retirement plans, the Government Accountability Office (GAO) has issued a letter detailing its findings about options outside of retirement plans.

Securities Class Actions on the Rise

The value and number of securities class-action settlements increased in 2009 from 2008, according to "Securities Class Action Settlements: 2009 Review and Analysis," an annual report by Cornerstone Research.

IMHO: Promises Premises

It was hard not to be struck this past week by that Pew Center on the States report titled “The Trillion Dollar Gap.” 

IRS Announces 2010 Taxable Wage Base for Permitted Disparity

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.

CDM Retirement Consultants Adds DB Administration

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.