Tag: Defined benefit

Bank of America has won a lawsuit alleging it violated the Employee Retirement Income Security Act (ERISA) by investing retirement plan assets in bank-affiliated funds.

Employers who are thinking of terminating a frozen defined benefit plan (DB) must be aware of termination costs and administrative procedures.

About 45% of all employees in the nonprofit sector are not confident with their ability to prepare financially for retirement, a survey shows.

Calculations of lump sum pension benefits consider cost of living adjustments (COLA) participants would have received if they had taken an annuity at retirement.

The Internal Revenue Service (IRS) will hold a free phone forum regarding the 2012 Cumulative List of Plan Qualification Changes.

Pentegra Retirement Services introduced a Web tool featuring Q&A’s with Pentegra specialists.

Corporate pension plan funding levels took a modest dip in 2012, keeping most plans considerably underfunded.

Defined contribution (DC) plans cost more than defined benefit (DB) plans per employee hour worked, but DB plans cost more than DC plans per participant.  

A judge approved a collective bargaining agreement between an airline and a pilots association.

A pension fund is leading a class-action lawsuit against NYSE Euronext.

Interest in annuities is growing as consumers demand guaranteed lifetime income in the face of challenging economic conditions, according to a report.

A Vanguard study finds defined benefit (DB) plan sponsors are planning fewer design and investment changes than two years ago.

The Internal Revenue Service (IRS) has issued the 2012 Cumulative List of Changes in Plan Qualification Requirements.

Bank of America Merrill Lynch enhanced its Benefits Online site for participants with a new education center, home page redesign and mobile upgrades.

Milliman Inc. has rolled out PlanAhead, tools and targeted services for employee retirement planning.

Verizon and The Prudential Insurance Company of America have completed a challenged pension risk transfer transaction.

On a basic level, defined benefit (DB) pension plan funded status is the ratio of assets to liabilities.