Plan Design, Operations, Outsourcing
HR, Health Care, Post-Retirement
Economic Commentary, Investment Trends, Market Insights
Business Wins, Job Changes, Mergers and Acquisitions
Investments, Platform Enhancements, Tools and Services
Court Decisions, Legislation, Regulations
Industry Trends, Plan Benchmarks, Statistics
Attitudes and Behavior, Education and Advice
How to keep a plan in place
In particular, the IRS addresses applicability of final hybrid plan regulations to implicit interest PEPs.
Kravitz found a 19% year-over-year increase in new cash balance plans, compared to 2% for new 401(k)s.
James E. Turpin, with The Turpin Consulting Group, has one concern with the submitted document he’s seen.
The features of cash balance plans that make them easier to understand and make costs more predictable also create challenges for investing plan assets.
A court found purposeful miscommunications led participants to expect a different benefit than they were accruing.
Growth figures this year are in line with a previous Kravitz
report that found the number of these plans surged 31% in 2013.
They now comprise 28% of all defined benefit plans.
A cash balance plan offering from Kravitz strives to deliver
greater flexibility in the wake of key regulatory changes.
In Amara v. CIGNA Corp., an
appellate court has once again agreed that a change in plan terms is an appropriate remedy for plan misrepresentations.