PBGC Files Petition Seeking Documents California DB Plan Failed to Deliver
The Pension Benefit Guaranty Corporation has escalated legal proceedings against a pension plan sponsor that allegedly stopped paying insurance premiums,...
Tag: cash balance plans
IRS Clarifies SECURE 2.0 Cash Balance Backloading Test Changes
The IRS says that the balance and accrual rate for a participant cannot be reduced when adopting a new variable...
Benefits |
Will IBM Resurrection of Cash Balance Plan Cause a Ripple Effect?
With more plan sponsors maintaining overfunded pension plans, some analysts argue that reopening a defined benefit plan, as IBM plans...
Benefits |
Analysts Agree IBM Pension Thaw Benefits Both Participants and Plan Sponsor
IBM’s decision to unfreeze its pension is a ‘strong endorsement’ of plan sponsors operating parallel defined contribution and defined benefit...
Benefits |
The Factors at Play in IBM’s Shift to a Cash Balance Plan Reviewed
IBM’s move away from the 401(k) match leads industry experts to evaluate the shortcomings of defined contribution plans in providing...
Benefits |
IBM Plans to End 5% Employer Matching in 401(k) Plan
The American multinational technology company is pulling its traditional 401(k) company match in favor of a company retirement account contribution...
Benefits |
October Three’s New Plan Design Includes Guaranteed Lifetime Income
The consulting firm announced the launch of its new retirement solution, O3 Prime, which offers a 401(k) account in tandem...
What Will Retirement Plan Access, and Employer Benefits Look Like in 2026?
Industry experts polled for Transamerica research expect a wide range of financial well-being benefits will be common by 2026.
Benefits |
DB Summit: Alternative DB Plan Designs
Experts explained the advantages of cash balance DB plans and variable plans that offer a set payday without losing the...
Benefits |
Cash Balance Plans Gain in Popularity
Combining features of DB and DC plans, these hybrids especially appeal to small and midsize businesses.
What Does SECURE 2.0 Mean for Cash Balance Plans?
SECURE 2.0 will make backloading easier and clarify the test process.
Plaintiffs Move for Settlement Approval in 16-Year ERISA Case
The class action suit sought compensation for pension plan lump-sum payments whose value had been undercalculated.
Plan Sponsors and Participants Cite Different ‘Important’ Benefits
Although attention to workplace benefits has increased among employers, a new Transamerica Institute survey reveals a chasm between the benefits...
Data Shows Popularity of Cash Balance Plans
They are viewed as less risky than traditional DB plans, easier to manage, easier for employees to understand, and are...
Could There Be a Renewed Interest in DB Plans?
There are plan designs that decrease the risk and volatility for plan sponsors, and defined benefit plans offer the guaranteed...
Colgate May Have to Make Additional Payments to Retirees
A court ordered Colgate-Palmolive to recalculate benefits paid to certain retirees from its cash balance plan but stayed the relief...
Benefits |
Small Business Employers are Freezing Cash Balance Plans
Amid the pandemic, many are pausing their cash balance plans out of concern that there could be insufficient cash on...
Opinions |
Solving the Cash Balance Investment Problem
John Lowell, with October Three Consulting, discusses how a market-based cash balance plan design provides for a less complicated way...
Don’t Put Your Head in the Sand Because of Cash Balance Liability Complexity
Cash balance plans may have the most complex liabilities to manage, but creating a clear strategy to manage risks will...