Tag: Cash Balance

A federal judge in Illinois ruled that a participant in the Verizon Communications cash balance plan is entitled to attorney’s fees for her long-running legal battle even though...

Alliant Energy Corp. improperly used a 30-year Treasury rate for whipsaw calculations for lump-sum distributions from its cash balance plan to employees younger than the retirement age, a...

A federal judge in New Jersey has ruled that AT&T did not violate the Employee Retirement Income Security Act (ERISA) and the Age Discrimination in Employment Act (ADEA)...

A federal court has dismissed claims that PricewaterhouseCoopers knowingly participated in a violation of the Employee Retirement Income Security Act (ERISA) anti-cutback rule by allowing Bank of America...

Based on an analysis of government filings, a new report claims that cash balance plan designs have enjoyed a 359% increase in six years.

A federal court has ruled that cash balance plan participants are not due additional benefits because a summary plan description (SPD) failed to inform them of an offset...

The Guardian Insurance & Annuity Company, Inc., announced that two of its group retirement products can now be used to fund cash balance plans.

Kravitz, provider of cash balance plan design and administration, is launching a series of free Cash Balance Administration workshops and Webinars for plan sponsors.

The Internal Revenue Service (IRS) has given plan sponsors more time to adopt plan amendments to implement a variety of Pension Protection Act (PPA) requirements, including allowing participants...

CDM Retirement Consultants, Inc., a Towson, Maryland, provider of open-architecture retirement plan solutions, is now offering administration services for defined benefit plans, including cash balance plans.

Small-business employers looking for basic guidance about the array of workplace retirement plans from which they can choose can now get their questions answered at a new federal...

Security Administrators, Inc., a subsidiary of Security Mutual Life Insurance Company, introduced a guide about fully insured plans and cash balance plans.

The Hartford has announced a new cash balance program for small businesses and professional entities.

Monsanto Co. walked away with a mixed outcome from two rulings by a federal judge in Illinois—one in the employer’s favor and a second in favor of participants—regarding...

Class-action law firm Keller Rohrback L.L.P on Tuesday announced the settlement of a 2006 challenge to the JPMorgan cash balance plan.

The Payden/Kravitz Cash Balance Plan Fund, described as the "first and only mutual fund designed exclusively for Cash Balance Pension Plans,″said it has been added to 10 provider...