Tag: Plan Documents
Deadline Approaching for Pre-Approved Plan Restatements
The IRS is offering a new correction method for retirement plan sponsors that miss the deadline.
Beneficiary Designation Case Turns on Plan Documents
A federal district court has ruled for a second time on litigation arising from a dispute over verbal and written beneficiary designations.
Court Finds Custodial Agreement Must Be Provided to Participant
A federal judge found the agreement does dictate important aspects about the participant’s benefits under the 401(k) plan.
Advisers Teach Their Higher Ed Plans a Thing or Two
A survey of more than 250 higher education plan sponsors shows that institutions with advisers have more effective retirement benefit programs.
IRS Provides Guidance About Mid-Year Safe Harbor Plan Changes
The guidance includes prohibited changes to a safe harbor retirement plan.
Tips and Next Steps After ‘Montanile’ Decision
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...
10 Technological Developments of 2015
Mobile application development figured largely throughout the year.
Mercer BenefitsCentral Gets DB Upgrade
Mercer expands defined benefit capabilities within BenefitsCentral participant website.
investment-oriented
Simplified, Streamlined
Current best practices in retirement plan investment menu management
Not-for-Profit Retirement Plans Delivering Retirement Readiness
“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.
Foot Locker Ordered to Reform Cash Balance Plan
A court found purposeful miscommunications led participant to expect a different benefit than they were accruing.
Enforcement, Pre-Approved Plans Among IRS 2016 Priorities
The Employee Plans unit will be issuing more compliance checks and reviewing submissions for pre-approved plan documents.
Participant Could Get Relief for Difference in Document and SPD
A court found a pension plan’s SPD materially conflicted with the plan document, so a participant who expected to receive certain benefits can seek relief.
Advisers Add Extra Value in a Short Plan Year
An adviser’s broad perspective and timely nudges can help the plan sponsor steer clearly through major changes.
Provider Changes Can Pose Records Retention Issues
Retirement plan advisers should help clients understand their rights and ability to access past records after a change in recordkeeper or TPA.
Indemnification Clauses and Provider Contracts
These clauses can cover costs when being sued—but they don’t eliminate fiduciary responsibilities.
Liability Protection for Plan Sponsors
There are a number of steps advisers should take to ensure that their plan sponsors are protected from substantial personal liability.