Rising interest rates and strong stock market performance have improved funding ratios for DB plans and created an environment in which plan sponsors can and are acting decisively to mitigate risk.
The IRS last week issued Notice 2014-19, which sets forth the rules for recognition of same-sex spouses in retirement plan administration. Here's what employers need to know.
While a flurry of recent, presidential-level focus on Americas retirement system might be a good opportunity for dialog on its shortfalls, those in the retirement industry fear that a new era of potential tax grabs is on the horizon.
Commentary: Its not too late to set up a 2013 retirement plan. It may not be flexible, but it is available for those seeking last-minute savings.
A new schedule change ending the twice-a-year premium requirement to large company-sponsored pension plans, orchestrated by the Pension Benefit Guaranty Corporation, is expected to be a boon for retirement plan sponsors.
In this commentary, one retirement plan adviser says government efforts and taxpayer funds would be better directed to educating employees on the importance of contributing to their 401(k) accounts and providing additional tax incentives for those few employers that have not already established a 401(k) plan.
Being prepared for retirement is no longer an after-thought as President Barack Obama boldly claimed at last nights State of the Union; TIAA-CREFs new survey adds to this national conversation, noting that one-in-three covered Americans say they place guaranteed income at top of their retirement to-do list, but many are faced with problems that their traditional retirement offerings cant answer.
Cash balance plans, with some DC-like components, have increased 10% in the DB market in the last five years.
As companies still fortunate enough to offer pension programs have recently been focusing on cutting the risks that impact their corporate balance sheets, human resources firm Mercer offers 10 tips that plan sponsors should keep in mind for their defined-benefit plans in the new year.
2013 is not over yet. Employers and HR and benefits professionals must address these 14 compliance issues before the New Year begins. Timothy F. Kennedy is a partner in Montgomery McCracken Walker & Rhoadss Employee Benefits and Executive Compensation Practice, concisely outlines retirement and health care issues that plan sponsors must consider in the following days.
Bolstered by the highest fixed annuity sales since the second quarter of 2009, industrywide annuity sales reached $57.5 billion during the third quarter of 2013, according to data from Morningstar, Inc. and Beacon Research.
The Pension Benefit Guaranty Corporation is routinely appointed as trustee in defined benefit plan terminations, but some question whether the PBGC is always the best option.
Says snapshot perspective, historically low interest rates skew picture of employer-based pension system.
In a new survey of defined benefit retirement plan sponsors, 30% still have their pensions open to new hires, and 70% of those employers think they shall still be offering the plan to all employees five years from now, according a survey released Tuesday.
Corporate CFOs, investors, and participants cheer a remarkable $392 billion improvement in funded status over the last 12 months.