Microsoft Corporation has a knack for generating controversy. The software giant did it again last fall, when it became the subject of a headline-grabbing court decision centering around a simple and seemingly innocuous question: What is an employee?
The Administration proposes transferring the underfunded plan's assets to the federal government. But what would happen when those assets ran out?
For years, the Pentagon has successfully argued against reductions in its lavish pension system. But budget tightening, and complaints from younger service members, may finally be making change possible.
Retired trade journal editor, 74
Plan Sponsor's Defined Benefit Consultant of the Year award cites distinguished achievement in serving institutional clients. The award also reflects the esteem in which the consultant is held by its peers, and by the investment management community.
Employees who roll over their 401(k) assets when they leave or retire are creating a new hundred-billion-dollar financial services market- and a new headache for plan sponsors who must manage these distributions.
Plansponsor April 1997 Letters
Pension and benefits plans can hold service providers responsible for incompetent work under state malpractice laws, court says.
Canadian pensions prefer independent money managers. But an ownership fight at a leading firm raises doubts about the independents' future.
A predecessor and a colleague recall the late executive director's efforts to rein in pension underfunding and promote pension reform legislation.
Staff accountant and benefits coordinator
Most employers frown on plan participants' leaving assets in the company's 401(k) when they leave or retire. But some big plans see significant advantages in accommodating them.
New software packages offer defined contribution plan participants everthing from retirement savings projections to advice on buying or leasing a car. Here is our guide to what they can do- as well as their potential problems.
What to ask when investigating financial planning software packages for your defined contribution plan participants.
Colleagues, clients remember Roger Bransford
Stung by active managers' missing benchmarks, plans look again at enhanced indexing
Working group spells out a checklist of standards for pension sponsors
An SEC offensive targets broker-dealers, investment advisors, and mutual funds
Low rates inspire the first-ever state issue, and two record-breaking proposals
Employees get investment advice from planners over the internet
How to make 401(k) hardship withdrawals run smoothly
Why most employers say no to an effective participation-boosting practice
New law eases rules for S corporations, but problems remain
Using asset-liability management to allocate the pension surplus more efficiently
Why plan sponsors cannot protect SERPs from taxation-and should not try