Retirement Plan Deferral Limit to Increase in 2015
The Internal Revenue Service (IRS) announced cost of living adjustments affecting dollar limitations for retirement plans, as well as other retirement-related items for tax year 2015.
Compliance
Social Security Announces COLA, Wage Base Increase
The Social Security Administration (SSA) has announced a 1.7% benefit increase for 2015.
How a Plaintiff's Attorney Views the Supreme Court Fee Case
The U.S. Supreme Court announced early this month that it would review parts of an important 401(k) fee litigation case, Tibble v. Edison, sparking intense debate across the retirement planning...
Court Dismisses Stock Drop Case Against UBS
A federal district court judge has found a participant in the UBS Savings and Investment Plan (SIP) lacks standing to sue regarding the offering of UBS company stock...
Did Edison's IPS Fall Down on the Job?
As lawsuits over share classes move forward, can the investment policy statement (IPS) help the plan sponsor avoid litigation?
Appellate Court Upholds DC to DB Transfer Elimination
Another federal appeals court has ruled employers can eliminate retirement plan transfer provisions allowing employees to move assets from a defined contribution plan to a defined benefit plan.
Court Moves Forward Citigroup 401(k) Excessive Fee Suit
Participants in the Citigroup 401(k) plan can move forward with their claims plan fiduciaries violated the Employee Retirement Income Security Act (ERISA) by offering affiliated funds in the...
Experts See Big Stakes in SCOTUS Review of Tibble
The U.S. Supreme Court’s decision to review parts of Tibble v. Edison International could have...
IRS Puts Out Updated Compliance Aids
The Internal Revenue Service (IRS) has announced updated Web pages, checklists and fix-it guides to aid employers in operating their plans and correcting mistakes.
Supreme Court Will Hear Tibble v. Edison Case
The law firm of Schlichter, Bogard & Denton says the U.S. Supreme Court has agreed to review the closely followed 401(k) fee litigation case, Tibble v. Edison International.
Court Finds John Hancock Not a Fiduciary in Fee Case
John Hancock has ultimately been found not to be a fiduciary in a case alleging it charged excessive fees for investments offered in two Employee Retirement Income Security...
Hybrid Plan Rules Allow Sponsors to Choose Risk Level
Sponsors of hybrid retirement plans for employees now have clarity about how to credit interest to these plans.
American Benefits Council Outlines Long-Term Vision
A new strategy outline issued by the American Benefits Council (ABC) suggests the advocacy group will work to achieve public policy reform that more closely unifies health care...
PANC 2014: Plan Fee Challenges
Fees assessed in a retirement plan can have many different shapes and sizes, pointed out Vincent Morris, president of Bukaty companies and moderator of a PANC 2014 panel...
IRS Issues Guide for Retirement Plan Reporting
The Internal Revenue Service (IRS) has created a guide for retirement plan sponsor reporting and disclosure responsibilities.