Regulatory Compliance

The Social Security Administration’s Office of the Chief Actuary has issued updated disability and death probability tables. “Disability and Death Probability Tables for Insured Workers Born in 1995” is based on the intermediate assumptions of the 2015 Trustees Report.The report presents estimates... READ MORE

The court in Tussey v. ABB Inc. No. 2:06-cv-04305 (W.D. Mo. Dec. 9, 2015) has awarded attorney fees roughly equal to the total damages assessed in the excessive fee case — but it won’t come close to covering their costs.According to an analysis by Proskauer Rose LLP, the court awarded class counsel... READ MORE

Often, correction of a plan’s disqualifying defect(s) can be done only with IRS approval. The IRS may have discovered the defect during an audit, requiring that the problem be resolved through an IRS-approved closing agreement. Or the defect may have been submitted to the IRS for resolution under... READ MORE

Roth IRAs have been a popular way to generate future tax-free growth and income since their creation. Yet the decision to contribute or convert to a Roth IRA incurs an immediate tax liability that could become so heavy as to be destructive. So writes Michael Kitces in “Using Systematic Partial Roth... READ MORE

It’s the time of year when Santa — and those who work with executive compensation programs — are making their end-of-year lists — and checking them twice.To that end, the lawyers at Snell & Wilmer have prepared the following end-of-year “to do” list for executive compensation plans:Correct... READ MORE

Those who have been concerned about the Labor Department’s recent extension of authority to state governments to run so-called “open” MEPs may now have an opportunity to compete more effectively with that alternative.In November, the Department of Labor (DOL) issued Interpretive Bulletin (IB) 2015-... READ MORE

It’s the time of year when Santa — and those who work with defined benefit plans — are making their end-of-year lists — and checking them twice. To that end, the lawyers at Snell & Wilmer have prepared the following end-of-year “to do” list for DB plans.Comply with Items on All Qualified Plans... READ MORE

Risk transfer events (RTEs) affected more than one million pension plan participants during the period 2009-2013, reports the Pension Benefit Guaranty Corporation (PBGC). In “Risk Transfer Study: Plan Years: 2009-2013,” PBGC actuaries looked at patterns in the data 3,600 large pension plans... READ MORE

For those thinking the impetus behind the Labor Department’s fiduciary proposal might fade with a change in administrations, think again.Earlier this week, presidential aspirant and likely Democratic nominee Hillary Clinton shared her perspective on the fiduciary proposal in no less a forum than a... READ MORE