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IRAs
Employees who are terminated may be gone, but they’re not always forgotten — at least regarding the retirement plan. A growing number of plans allow terminated employees to live on as participants, notes Robert Leahy of Alliance Benefit Group. How many plans do this? According to Leahy, 12 percent...
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While assets in IRAs are larger than those in DC plans, the vast majority of their growth comes from rollovers, according to research from EBRI. The EBRI database covers $2.09 trillion of the ICI-estimated $5.6 trillion in IRAs as of the end of 2012 and includes 25.3 million accounts for 19.9...
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The Pension Benefit Guaranty Corporation has proposed allowing an employee to roll over funds from a DC plan into a DB plan. The proposal, which the PBGC issued on April 1 and was published in the Federal Register on April 2, is intended to increase returns by making rollovers easier and removing...
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New guidance from the IRS may make the plan-to-plan rollover process a little smoother. Revenue Ruling 2014-9, issued on April 3, is intended to make it easier for plan participants to consolidate their retirement savings accounts by making it easier for them to move assets from one employer plan...
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IRS guidance and a pointed reminder from an industry group illustrate the increased frequency and importance of rollovers, not to mention that they are piquing the interest of federal regulators and interest groups. When a rollover takes place from a non-Roth balance to a Roth balance in a 401(k...
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