Pensions enjoyed a strong month in March, due to higher stock markets and higher interest rates
In a September 28, 2021, decision, a three-judge panel of the Sixth Circuit Court of Appeals upheld a lower court decision that ERISA prohibits a multiemployer plan from using the “Segal Blend” to determine the liability to the plan of a withdrawing employer. This is the highest court to address this issue.
In this article we briefly review how recent changes may affect corporate defined benefit plan funding policy, retirement savings tax incentives, and employer sponsored, tax qualified retirement plans.
The proposal includes legislation on ACPAs and requirements for grandfathering, eligibility, investment, and lifetime income.
In 2022 defined contribution plan sponsors will have to begin providing participants with lifetime income illustrations.
The complaint alleges that defendant fiduciaries breached their duties of prudence and loyalty under ERISA.
At the start of the new federal fiscal year in October, Congress is likely to take up tax legislation that will impact retirement savings policy, both directly and indirectly.
Recent IRS Notice 2021-48 details guidance on elections available to sponsors with consideration of changes made by the American Rescue Plan Act (ARP).
August 2021 retirement policy updates and proposed legislation out of Washington DC.
The American Rescue Plan Act of 2021 provides significant financial assistance to struggling multiemployer pension plans. In this article, we discuss how this might affect contributing employers that choose to withdraw from those funds.