Tag: retirement plan new legislation

The bill would require an explanation of how a lump sum was calculated—including the interest rate, mortality assumptions and whether any additional plan benefits were included in the...

The House Ways & Means Committee has already approved the bill, which mirrors many of the key provisions of the Retirement Enhancement and Savings Act.

Introduction of the bill follows a private letter ruling from the IRS in August in which it approved a plan sponsor's plan amendment to offer a student loan...