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Halloween is the time of year when one’s thoughts turn to trick-or-treat, ghosts and goblins, and things that go bump in the night. But what are the things that keep – or should keep – plan fiduciaries up at night?
Well, there are the things like…
Getting Sued
The headlines are (still) full of...
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Did you hear the one about loan defaults adding up to $2.5 trillion in potential retirement savings shortfalls over the next 10 years? How about the “$210 Billion Risk in Your 401(k)”?
Those reports were based on an “analysis” by Deloitte that claims to find that “…more than $2 trillion in...
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The Pension Benefit Guaranty Corporation (PBGC) has issued the present values of its maximum guarantees for 2019.
The values apply to benefits with annuity starting dates in 2019. The values for the 2019 table were developed using the Internal Revenue Code Section 417(e) segment rates for August...
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Employers have always been competing to hire the best. And employers use various tools to attract and retain them. One of the most important, argue recent blogs, is the 401(k).
“Offering a high-quality 401(k) plan is an essential tool to add to your HR toolbox,” writes Roger Lee in “How 401(k)s...
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The Oregon State Treasury has announced that OregonSaves, the state-run auto-IRA program for private-sector workers in Oregon, has been expanded to allow individual Oregonians, such as self-employed or gig economy workers, to join the program.
Certain individuals can choose from a simple menu of...
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The IRS has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. The 2019 limits are contained in Notice 2018-83, released Nov. 1.
The limits for 2019 are as follows:
The limitation under Code Section 402(g)(1)...
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The law firm of Schlichter, Bogard & Denton LLP is back in court – challenging a district court’s decision on awarding fees in an excessive fee case.
The firm is looking to collect $964,212 in fees to consultants and expert witnesses in the case of Tibble v. Edison – a case that over the...
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The Pension Benefit Guaranty Corporation (PBGC) has issued new materials for use by a variety of practitioners: the guarantee limits for single-employer plans for 2019, and a reference tool for use when advising small plans about possible reportable events.
Guarantee Limits
The guarantee limits...
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At first blush, many in the industry assumed that the Department of Labor’s proposed rules expanding access to multiple employer retirement plans would include allowing for open MEPs by unrelated employers. The idea hasn’t gone away, but it’s not included in the current DOL proposal.
Issued in...
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The Department of Labor announced Oct. 29 that it has published employee benefit plan compliance guidance and relief for victims of recent Hurricanes Florence and Michael.
The relief includes easing of enforcement concerning the rules governing plan loans and distributions, as well as relief...
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