Tag: cash balance plan

The Pension Benefit Guaranty Corporation has escalated legal proceedings against a pension plan sponsor that allegedly stopped paying insurance premiums,...

The IRS says that the balance and accrual rate for a participant cannot be reduced when adopting a new variable...

With more plan sponsors maintaining overfunded pension plans, some analysts argue that reopening a defined benefit plan, as IBM plans...

IBM’s decision to unfreeze its pension is a ‘strong endorsement’ of plan sponsors operating parallel defined contribution and defined benefit...

IBM’s move away from the 401(k) match leads industry experts to evaluate the shortcomings of defined contribution plans in providing...

The American multinational technology company is pulling its traditional 401(k) company match in favor of a company retirement account contribution...

The consulting firm announced the launch of its new retirement solution, O3 Prime, which offers a 401(k) account in tandem...

SECURE 2.0 will make backloading easier and clarify the test process.

Kravitz research found that 92% of cash balance plans are in firms with fewer than 100 employees.

“Plan sponsors that have adopted or moved to market return design structures have reduced or eliminated market and cost volatility...

Noting that the bank already made restitution to the participants under an IRS closing agreement, the 4th Circuit agreed with...