Plan advisers can consult with plan sponsors about their SPDs and determine if they are simple enough for employees to understand while also not subjecting sponsors to legal trouble.
Tag: Plan Documents
A new analysis contends that, with careful governance practices in place, managing a compliant and effective retirement plan doesn’t have to be burdensome or even difficult.
The new program from PCS enhances advisers' ability to establish and demonstrate compliance with the DOL's fiduciary rule reform.
Some changes made be needed due to the end of the determination letter program.
The IRS is asking DB plan sponsors to identify whether their plan has lump-sum risk transfer language.
Rev. Proc. 2016-37 ends the remedial amendment cycle system for individually designed plans and replaces it with a new approach to the remedial amendment period.
However, the committee made another suggestion assuming "there will be no IRS change of heart."
The appellate court noted that under Amara, if the participants cannot get relief with their benefit claims, they can seek an equitable remedy for breach of fiduciary duty to disclose.
The Puerto Rico Treasury Department recently changed the annual reporting requirements for employer-sponsored retirement plans.
The IRS is offering a new correction method for retirement plan sponsors that miss the deadline.
A federal district court has ruled for a second time on litigation arising from a dispute over verbal and written beneficiary designations.
A federal judge found the agreement does dictate important aspects about the participant’s benefits under the 401(k) plan.
A survey of more than 250 higher education plan sponsors shows that institutions with advisers have more effective retirement benefit programs.
The guidance includes prohibited changes to a safe harbor retirement plan.
ERISA expert discusses the significant implications of the Supreme Court’s decision in Montanile v. Board of Trustees, especially as it pertains to enforcing liens on retirement or health plan assets.
Mobile application development figured largely throughout the year.
Mercer expands defined benefit capabilities within BenefitsCentral participant website.
“The findings of the Retirement Income Index are a great testament to our clients’ use of best-practice plan design,” says Teresa Hassara, of TIAA-CREF.
A court found purposeful miscommunications led participant to expect a different benefit than they were accruing.
The Employee Plans unit will be issuing more compliance checks and reviewing submissions for pre-approved plan documents.