Administration | February 24th, 2016 So You Want to Be a Star (Multiemployer Plan) The SOA has recently given accolades to the Screen Actors Guild Producers Pension Plan; what can other multiemployer plan sponsors...
Compliance | February 11th, 2016 Proposed Guidance Issued for Multiemployer Plan Suspension of Benefits The IRS proposal would provide guidance about any employer that has withdrawn from the plan and entered into a “make-whole”...
Data and Research | February 8th, 2016 Segal Looks at Characteristics of Multiemployer DC Plans The firm says multiemployer DC plan trustees can benchmark their plans against Segal’s client database.
Compliance | December 8th, 2015 IRS Compliance Priorities for 2016 Similar to 2015 Current Internal Revenue Service employee benefit plan examinations initiatives heading into 2016 match closely the priories announced for the year...
Data and Research | December 1st, 2015 Shifting Demographics a Challenge for Multiemployer Plans Plans continue to gain financial stability, but changing participant demographics threaten to derail this in the future.
Administration | October 5th, 2015 Teamsters Plan Asks for Benefit Reductions Under MPRA An actuary report says the Central States plan is projected to become insolvent in 2026.
Compliance | September 18th, 2015 9th Circuit Weighs In on Successor Withdrawal Liability The appellate court determined a district court did not properly review successorship factors.
Compliance | August 14th, 2015 Unpaid Plan Contributions Can Be Discharged in Bankruptcy A federal appellate court found unpaid multiemployer plan contributions are not assets of the plan, so a member employer has...
Compliance | August 10th, 2015 Court Holds Successor Liable for Pension Plan Withdrawal Payment If the successor liability notice requirement excludes notice of contingent multiemployer pension plan liabilities, “a liability loophole would exist,” the...
Compliance | June 18th, 2015 Treasury Releases Proposed Multiemployer Plan Regulations Kenneth Feinberg has been appointed as a Special Master to help provide a dedicated, impartial and informed review of applications...
Compliance | March 25th, 2015 Changes Soon Due for Multiemployer Plans Expanded annual actuarial certifications for multiemployer plans are due March 31 for calendar year plans.
Administration | March 23rd, 2015 Multiemployer Plans Need Consistent Returns to Fully Rebound Multiemployer plans have not fully rebounded from the 2008 financial crisis because returns have not kept pace with growth in...
Compliance | February 19th, 2015 PBGC Issues FAQs About Multiemployer Pension Reform The FAQs are addressed to multiemployer plan participants, and provide a summary of certain reform provisions.
Compliance | February 17th, 2015 PBGC, IRS Request Input on Multiemployer Plan Guidance The PBGC and the IRS have issued requests for information to help them with issuing guidance about the Multiemployer Pension...
Compliance | January 15th, 2015 Supreme Court Won’t Review Multiemployer Withdrawal Liability Case The Supreme Court decided not to review an appellate court decision ordering several commonly owned companies to pay withdrawal liabilities...
Compliance | January 13th, 2015 What New Legislation Means for Multiemployer Plans The passage of the Multiemployer Pension Reform Act of 2014 represents an important milestone for multiemployer pension plans in the...
Compliance | December 17th, 2014 DOL Puts Out Form 5500 Advance Copies Retirement plan sponsors get a glimpse of any changes in Form 5500 filing requirements from the newly released advance copies...
Compliance | December 10th, 2014 Bill Would Extend PPA Provisions for Multiemployer Plans The U.S. House of Representatives has approved a bill that would extend funding and benefit rules for multiemployer plans.
Compliance | December 8th, 2014 Fiduciaries of Fake Union Plan Ordered to Pay $4.7M A court determined the fake Professional Industrial Trade Workers Union was a front for a scheme to operate a purported,...
Benefits | November 17th, 2014 IFEBP Says Multiemployer Plans Rebounding A new report suggests multiemployer defined benefit (DB) plans are rebounding after a turbulent decade.