IRS Weighs In on What Records to Keep
An updated page on the IRS website shares what records retirement plan sponsors should keep and for how long.
Latest News
IRS to Use New Process for PEP Determination Letters
The IRS says it has improved its processing of determination letter applications for pension equity plans.
RMB Capital Names Client Services Director
Krista Rivers will lead RMB Asset Management's institutional business development and client relationship efforts.
Spending Bill Would Allow Pension Benefit Cuts
An amendment tacked on to the U.S House’s proposed spending bill would “permit trustees of severely underfunded [multiemployer] plans to adjust vested benefits.”
Russell Sale an Opportunity to Review Investment Benchmarks
A recent deal between Northwestern Mutual and the London Stock Exchange Group brings more than $9 trillion in benchmarked assets under one roof.
Bill Would Extend PPA Provisions for Multiemployer Plans
The U.S. House of Representatives has approved a bill that would extend funding and benefit rules for multiemployer plans.
2015 Year in Preview
Trends, legislation, regulations and litigation will continue to affect the retirement industry in 2015.
Overlooked Factors Can Dim Retirement Outlook
Addressing some commonly overlooked factors can improve preparations for retirement.
SageView Expands Team in Southeast
Independent retirement firm, SageView Advisory Group has hired Geoff Rhines and David Anderson to its Southeast division.
TDFs Expected to Capture 90% of 401(k) Contributions
Target-date funds are expected to capture almost 90% of 401(k) contributions by 2019.
401(k) Participants Trade Less as Markets Stabilize
With markets less volatile than in October, 401(k) participants slowed transfer activity in November.
Financial Barriers Delay Retirement for Boomers
Lower investable assets and higher health care costs are delaying retirement for the 94% of working middle-income Baby Boomers with plans to retire one day.
Products |
Northern Trust Enhances Risk Reporting for Pensions
RiskFirst’s Web-based platform, PFaroe, has been integrated with Northern Trust’s global operating platform.
Benefits |
Wellness Incentives Biggest Health Benefit Change in 2015
Few employers plan to eliminate or make major changes in their health care benefits in the near future.
Fed Data Shows Fewer Own DC Plan Accounts
EBRI finds the percentage of all families with an individual account retirement plan, such as a 401(k) plan or an IRA, has decreased.
Multnomah Group Hires Investment Consultant
Retirement plan consulting firm Multnomah Group has hired a new investment consultant for its Portland, Oregon, office.
Fees Still Baffle Plan Participants
The majority of Wisconsin retirement plan participants still do not understand the fees they pay in a workplace-based retirement plan, according to a recent survey.
IRS Issues 2014 Cumulative List, Extends DB Plan Approval Period
The Cumulative List will primarily be used by single employer individually designed defined contribution plans and single employer individually designed defined benefit plans that are in Cycle E.
Most 401(k) Plan Sponsors Actively Engage in Plan Design
Employers sponsoring 401(k) plans use a range of employer match formulas and offer a variety of investment choices with lower fees.
Fiduciaries of Fake Union Plan Ordered to Pay $4.7M
A court determined the fake Professional Industrial Trade Workers Union was a front for a scheme to operate a purported, union-sponsored employee benefit plan.