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New Government DC Benchmarking ReportA new benchmarking report entitled Perspectives in Practice “A Benchmarking Initiative for Public Sector Defined Contribution Plans” has been published by The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA). The report presents a detailed analysis of key operating data from the government defined contribution (DC) industry, based on confidential surveys submitted by 62 individual plans representing $116 billion in plan assets and 2.4 million individual plan participants.Read more > |
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Hospital Sued by EEOC for Age DiscriminationAccording to the U.S. Equal Employment Opportunity Commission (EEOC) Montrose Memorial Hospital, a hospital in Montrose, western Colorado, violated federal age discrimination law. The EEOC’s lawsuit states that Katherine Casias worked as a licensed practical nurse and registered nurse for 27 years with the hospital before Montrose fired her. Casias was accused of performance deficiencies for which younger nurses were treated much more leniently.Read more > |
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ASK THE EXPERTS
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Are SPDs Needed for 457(b) Plans?“I work for a large museum that sponsors multiple retirement plans. In a recent document review, I discovered that, although all our plan documents were executed and up to date, and most of our plans also provide current summary plan descriptions (SPDs) to plan participants, our 457(b) plan lacked an SPD. Do I need to correct this apparent oversight?”Read more > |
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