55-Year-Olds Twice as Likely to Rely on 401(k) Compared to Predecessors
The reliance on 401(k)s means retirement industry must turn attention to this group about 10 years from the traditional retirement...
Tag: pension plan
Compliance News
Legislative and Judicial Actions
The DOL updates auditor independence rules; the IRS extends plans’ amendment deadlines for certain CARES Act and Tax Relief Act...
Teacher Pensions Are Broad Retirement Security Issue
A new report from nonprofit group Bellwether Education Partners ranks public school teachers’ pensions by state, arguing that everyone has a stake in pension systems that are supported...
Coronavirus News for Plan Advisers
Focused analysis of market movements, business challenges and legislative and regulatory actions.
Investment Adviser Ordered to Pay $1.6M Restitution to Pension Plan
The Department of Labor's Employee Benefits Security Administration determined he defrauded $2 million from the Rehabilitation Center for Children & Adults Inc. Pension Trust
Interest in Pension Risk Transfer Expected to Increase in 2019
The majority of DB plan sponsors plan to completely divest all of their company’s liabilities in the near future
Four Multiemployer Pension Plans Apply to Treasury to Reduce Benefits
They are seeking reductions as high as 50%.
Tax Reform Prompts DB Plans to Accelerate Contributions
This enables corporations to expense their contributions at a higher tax rate, according to Cerulli.
Court Finds Pension Trustee Guilty of Embezzlement
The trustee is ordered to pay $234,271 in restitution, serve a year of probation and is barred from serving as a fiduciary to a benefit plan for 13...