Compliance

Compliance |

PBGC Deficit Grows to $36B

November 18, 2013 (PLANSPONSOR.com) – The annual report of the Pension Benefit Guaranty Corporation (PBGC) puts the agency’s deficit at about $36 billion for the 2013 fiscal year.
Compliance |

IRS Revises Safe Harbor Plan Rules

November 15, 2013 (PLANSPONSOR.com) – Revisions to the Internal Revenue Service’s (IRS) rules governing contributions to safe harbor 401(k) and 403(b) plans make it easier for struggling companies...
Compliance |

PBGC Increases Some 2014 Premium Rates

November 8, 2013 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) reports premiums paid to the federal agency by single-employer retirement plans will increase in 2014.
Compliance |

PBGC Increases Maximum Benefit for 2014

November 6, 2013 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) announced the yearly maximum guaranteed benefit for a 65-year-old retiree will increase next year to nearly $59,320...
Compliance |

GAO Seeks Clarity on Electronic Disclosure Rules

November 5, 2013 (PLANSPONSOR.com) – The Government Accountability Office (GAO) asked the U.S. Treasury and Department of Labor (DOL) to revise electronic disclosure rules governing employee-sponsored retirement plans...
Compliance |

Retirement Plan Issues in Bankruptcy

November 4, 2013 (PLANSPONSOR.com) – When an individual or business files for bankruptcy, there is an automatic stay of the person or company’s assets, and creditors can appeal.
Compliance |

Firms Comment on Money Market Funds Reform

November 1, 2013 (PLANSPONSOR.com) – A number of firms that manage money market mutual funds have made comments to the Securities and Exchange Commission (SEC) about proposed reforms...
Compliance |

Treasury Permits Carryover of FSA Amounts

November 1, 2013 (PLANSPONSOR.com) – The Treasury Department and the Internal Revenue Service (IRS) announced a new rule for flexible spending accounts (FSAs) and a new limit for...