Industry Group Defends Retirement Tax Incentives
The Coalition to Preserve Retirement sent an open letter to Representative David Camp, R-Michigan, chairman of the House Ways and Means Committee, pushing back on certain tax reforms...
Compliance
Proposed Protections for DC to DB Rollovers
The Pension Benefit Guaranty Corporation (PBGC) recently proposed rules about the treatment of rollovers from defined contribution (DC) plans to defined benefit plans (DB).
School District Sued Over Early Retirement Incentives
The U.S. Equal Employment Opportunity Commission (EEOC) says a Phoenix, Arizona, school district unlawfully used an early retirement incentive plan.
What 401(k)s Can Learn from 403(b)s
Passage of 403(b) regulations in 2007 led 403(b) plans to adopt similar requirements and administration practices to those of 401(k)s.
Ways to Limit Fiduciary Liability—Part I
It’s a core mission for financial advisers: work tirelessly to reduce their plan sponsors’ fiduciary liability. But what about their own liability?
DOL Seminars in June, July for Plan Fiduciaries
This summer, the Department of Labor (DOL) will be holding free seminars about fiduciary responsibilities in Hartford, Connecticut, and Oklahoma City, Oklahoma.
Mercer Adds to DC Specialty Practice
Giuliana Rivers joined benefits consulting firm Mercer within its defined contribution (DC) advisory practice.
Not All Retirement Plans Must Be Amended for Windsor
The Internal Revenue Service (IRS) has released guidance on the treatment of marriages of same-gender couples with regard to retirement plans.
DCIIA Offers Q&A About Automatic Plan Features
A paper answering commonly asked questions about implementing automatic features for retirement plans is now available for plan sponsors.
SEC Reconsiders TDF Glide Path Illustrations
The Securities and Exchange Commission (SEC) is again seeking public comment on rule amendments proposed in 2010 that would change the way target-date funds (TDFs) are marketed.
IRS Schedules Plan Terminations Phone Forum for May
The Internal Revenue Service (IRS) will hold a phone forum next month about retirement plan terminations.
DOL Seeks Losses from Failing to Remit Contributions
The U.S. Department of Labor (DOL) has filed a lawsuit to recover losses to the Cargill Heating & Air Conditioning Co. Inc. Savings Plan in La Crosse, Wisconsin.
Sixth Church Plan Challenge Added to List
Advocate Health Care Network in Illinois is the latest pension plan sponsor facing a challenge to its plan’s status as a “church plan.”
Another Court Rejects Pension’s ‘Church Plan’ Status
A federal court refused to dismiss a lawsuit against Saint Peter’s Healthcare System, holding that its retirement plan is not a “church plan” under the Employee Retirement Income...
IRS Guidance Eases Rollover Processing
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have issued guidance designed to more easily facilitate the transfer of savings from one retirement plan...
DOL Announces Fiduciary Seminars in June and July
The Department of Labor is hosting its free compliance assistance seminar in Memphis, Tennessee, and Madison, Wisconsin.
PBGC Proposes DC Rollovers into Pensions
The Pension Benefit Guaranty Corporation (PBGC) outlined a proposal it says makes it easier for participants in defined contribution (DC) plans to get higher returns and get lifetime...
SEC Approves Limited Use of Social Media Testimony
The Securities and Exchange Commission (SEC) released guidance aiming to clarify how the testimonial rule barring certain marketing practices under the Investment Advisers Act applies to social media.
Retirement Plan Committees Need a Custom Charter
Many retirement plan committees do not have a charter, and often those that do find it fails to provide adequate guidance because it is not specific enough to...
IRS Opens Window to Adopt Updated Pre-Approved Plans
Retirement plan sponsors have a two-year window to adopt newly updated pre-approved plan documents.