Nevin Adams

The Government Accountability Office (GAO) recently reissued its preliminary report on individual retirement account (IRA) accumulations.As it had indicated in a statement to the Senate Finance Committee in September, for tax year 2011 (the most recent year available) GAO noted that an estimated 43... READ MORE

At some level, we all know that the types of jobs that define entire regions of the sprawling U.S. economy are as a diverse as the geographies that shape borders and the people who live within them. The actuarial profession has long been ranked as one of the best jobs, and has even managed to gain... READ MORE

With more and more defined benefit plan sponsors exploring — and undertaking — pension de-risking, a pair of leading U.S. Senators have asked regulators to establish some guidelines to ensure that those covered by those programs are protected.Senate Finance Committee Chairman Ron Wyden (D-Ore.) and... READ MORE

Is there a retirement crisis or not? Though you may have missed it, last week a Wall Street Journal op-ed (subscription required) claimed that there was an “imaginary” retirement income crisis that was being pushed by some who want to boost Social Security benefits and reduce tax incentives for... READ MORE

In Santomenno v. John Hancock Life Insurance Company, No. 13–3467, 2014 WL 4783665 (3d Cir. Sept. 26, 2014), the plaintiffs had argued that, as a service provider to their 401(k) plan, John Hancock was a fiduciary, and that it had breached its fiduciary duties by charging excessive fees. However,... READ MORE

We’re just weeks away from the announcement of the 2015 limits — but not so far away that we can’t speculate.The annual cost of living adjustments (COLAs) for most limits are measured using the CPI-U announced by the Bureau of Labor Statistics (BLS) for July, August and September. Those numbers are... READ MORE

If you (or your plan sponsor clients) are looking for an easy-to-use guide to employee benefit plan reporting, the IRS has just the thing: a handy guide of reporting and disclosure requirements under ERISA.The “Reporting and Disclosure Guide for Employee Benefit Plans” was prepared by the IRS and... READ MORE

Much is said and written about the demise of DB plans, but a recent House subcommittee hearing was focused on ways to help sustain the programs still in place.The hearing — held Sept. 17 by the Select Revenue Measures Subcommittee of the House Committee on Ways & Means — was largely devoted to... READ MORE

The IRS has issued guidance on pension funding stabilization under the Highway and Transportation Funding Act of 2014 (HATFA). IRS Notice 2014-53, issued late on Sept. 11, addresses both the 2013 and 2014 plan years. Generally speaking, plan sponsors have until Dec. 31 (later for some non-calendar-... READ MORE