DOL Provides Relief for Hurricane Maria, Wildfire Victims
The guidance for ERISA retirement and health plans follows relief provided by the IRS.
Tag: defined contribution (DC) plans
IRS Releases Covered Compensation Tables
The tables are to be used for determining contributions to DB plans and permitted disparity in DC plan contributions.
Church Pension Group Says Move to DC Plan Not for Benefit of Participants
The group says it has considered moving from a DB plan for clergy to a DC plan and concluded that...
Most Americans Oppose Limiting Pre-Tax Deferrals to DC Plans
Nearly one-third (32%) of survey respondents said if this provision of tax reform is passed, it will cause them to...
American Academy of Actuaries Joins Advocacy for In-Plan Lifetime Income Options
The Academy has released a position statement, joining the GAO and Treasury Department in encouraging the use of lifetime income...
A Special Halloween Edition
“Do the Experts have any Treats for us this Halloween, or only Tricks?”
Benefits |
NIRS Encourages Continued Use of Pensions for Teachers
A report from the NIRS argues how DB plans create more savings and retirement income for teachers than DC plans.
IRS Issues Memorandum on Plan Loan Cure Periods
IRS says missed repayments can be addressed in the following quarter or that participants can refinance a loan, but that...
What Is a True-Up Match?
Though not a required contribution, defined contribution (DC) plan sponsors may want to offer a true-up match to help participants...
GAO Calls on Congress to Improve Retirement Security in America
According to the GAO report, the three pillars of the current retirement system in the United States are anticipated to...
Phillips 66 Retirement Plan Faces Suit Over Inclusion of Former Parent Stock
Not only does the lawsuit claim ConocoPhillips stock does not meet ERISA’s definition of “employer securities,” but it says participants...
Questions to Skip on Form 5500
“As we are preparing to finalize our 2016 Form 5500s in time for the extended deadline, a colleague of mine...
Federal Reserve Data Shows Strengthening Economy’s Impact on the DC Space
The Fed's analysis concludes that 401(k) plans “could work much better and balances would be higher if all plans were...
Embracing In-Plan Annuities
Specific policy changes and plan sponsor initiatives can make guaranteed lifetime income a norm in the DC plan space, TIAA...
Singles Have More Retirement Concerns Than Married Couples
Single people are saving less and more worried about being secure in retirement than their married counterparts, a survey finds.
Essentia Health ERISA Suit Survives Motion to Dismiss
Participants allege the company should have allowed a single recordkeeper to service its traditional DC plan and its 403(b) plan—and...
Voya Sued for Charging Excessive Fees to Small Retirement Plan
A lawsuit alleges that asset-based fees led to the plan paying $1,819 per participant for recordkeeping services in 2015.