Not having proper beneficiary designations on file can create a difficult situation for plan sponsors, and with the use of automatic enrollment, fewer participants are revealing their beneficiaries.Read more >
Citing the Supreme Court decision regarding church plan cases and using a three-part test, a federal judge found the St. Elizabeth Medical Center Employees’ Pension Plan falls under the Employee Retirement Income Security Act (ERISA) exemption for church plans.Read more >
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Currently church and public defined benefit (DB) plans focus more on returns, and their funded status is lower than for corporate plans, River & Mercantile notes in a report.Read more >
The program allows eligible employees to reallocate shares of their retirement plan contribution and company match towards student loan debt.Read more >