Appellate Court Weighs Foot Locker Cash Balance Disclosure Failures
The appellate court and district court both agree that Foot Locker did not adequately disclose to participants the possibility of...
Tag: Cash balance/Hybrid
More Retirement Plan Sponsors Turning to Cash Balance Plans
Small business continues driving cash balance growth, with 92% of cash balance plans in place at firms with fewer than...
Benefits |
New Comparability Plans Allow the Employer to Reward Older Employees and Owners
They are popular among small, professional firms with a disparity in pay.
Products |
Transamerica, Sage Advisory Team Up for Cash Balance Plan Solution
An employer that sponsors a cash balance retirement plan will consult with the plan’s adviser to select one of three...
IRS Examiners Told to Look at Cash Balance Plan Benefit Formulas
A memo offers examples and would be a helpful guide for cash balance plan sponsors to assess whether their plan...
Cash Balance Challenge Defeated By Bank of America
Plaintiffs originally filed their cash balance plan lawsuit in 2004, claiming the way their employer created a cash balance plan...
IRS Clarifies Interest Crediting Rules for Pension Equity Plans
In particular, the IRS addresses applicability of final hybrid plan regulations to implicit interest PEPs.
Cash Balance Plans Continue to Be Attractive Option for Employers
Kravitz found a 19% year-over-year increase in new cash balance plans, compared to 2% for new 401(k)s.
A Peek at a Pre-Approved Cash Balance Plan Submission
James E. Turpin, with The Turpin Consulting Group, has one concern with the submitted document he’s seen.
Managing Investment Risk in Cash Balance Plans
The features of cash balance plans that make them easier to understand and make costs more predictable also create challenges...
Foot Locker Ordered to Reform Cash Balance Plan
A court found purposeful miscommunications led participants to expect a different benefit than they were accruing.
Actuaries Expect Cash Balance Plans to Surge
Growth figures this year are in line with a previous Kravitz report that found the number of these plans surged...
Number of Cash Balance Plans Surged 32% in 2013
They now comprise 28% of all defined benefit plans.
Products |
Cash Balance Plan Product Seeks Flexibility
A cash balance plan offering from Kravitz strives to deliver greater flexibility in the wake of key regulatory changes.
2nd Circuit Agrees with Reformation of CIGNA Cash Balance Plan
In Amara v. CIGNA Corp., an appellate court has once again agreed that a change in plan terms is an...
The Year in Regulation and Guidance
Several regulations and pieces of guidance issued in 2014 will have a lasting impact on retirement plans.
IRS to Use New Process for PEP Determination Letters
The IRS says it has improved its processing of determination letter applications for pension equity plans.
2015 Year in Preview
Trends, legislation, regulations and litigation will continue to affect the retirement industry in 2015.
Opinions |
Plan Designs to Help Potentially Defer Taxation
October 31, 2014 (PLANSPONSOR.com) - "In this world nothing can be said to be certain, except death and taxes" -...
Products |
Sage and JULY Launch Cash Balance Plan Solution
October 14, 2014 (PLANSPONSOR.com) - Sage Advisory Services and July Business Services launched a full-service packaged solution for cash balance...