Technical Resources

The Pension Benefit Guaranty Corporation (PBGC) on April 17 announced that minor changes to its standard and distress termination forms and instructions have been approved by the Office of Management and Budget (OMB).The PBGC reports that changes include: a new option for submitting these filings... READ MORE

Have Americans accepted a shift in responsibility for their own retirement security? A new study by MetLife seems to indicate that they have.In the firm’s “Role of the Company” survey of more than 1,000 U.S. workers, 54% said that individuals are primarily responsible for their own retirement... READ MORE

“Lifetime income is becoming the most important issue for retirement security,” says Theodore Goldman, Senior Pension Fellow at the American Academy of Actuaries, adding that the academy considers lifetime income “one of the most critical components leading to retirement security.”Goldman shared... READ MORE

As workers become more highly mobile, frequently changings jobs and homes, the task of finding missing plan participants can be a time-consuming and difficult process for plan sponsors, particularly in light of the Department of Labor sharpening its focus on efforts taken by sponsors to find... READ MORE

At an April 11 session of the Enrolled Agents Meeting held by the Conference of Consulting Actuaries and the American Academy of Actuaries in Washington, DC, a panel of PBGC officials discussed compliance issues regarding single-employer plans, with a focus on late filings and missing participants... READ MORE

Scottrade wants to make a federal case out of an administrative proceeding filed by Massachusetts alleging violations of internal policies adopted in anticipation of the Labor Department’s fiduciary rule.Specifically, Scottrade has filed a legal motion to have the administrative proceeding filed by... READ MORE

The IRS and Treasury Department are “making progress” on guidance regarding missing participants, according to a panelist at an April 11 session of the Enrolled Actuaries meeting held by the Conference of Consulting Actuaries and the American Academy of Actuaries in Washington, DC. Session... READ MORE

An April 9 session of the Enrolled Actuaries Meeting held by the Conference of Consulting Actuaries and the American Academy of Actuaries touched on the rules for required minimum distributions (RMDs) and what “required” entails in that context regarding benefits. Anita Juneja, a Consulting Actuary... READ MORE

The Tax Cuts and Jobs Act’s participant loan changes (which delay the account offset on loan defaults related to unemployment or plan termination) trigger something we would all rather not look at: the “uncomfortable” manner in which ERISA’s fiduciary rules apply to loans and their administration.... READ MORE