Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 6th, 2018
Compliance
PBGC Asks for Information About DB Plans’ ERISA Coverage
The Pension Benefit Guaranty Corporation (PBGC) intends to request that the Office of Management and Budget (OMB) approve a collection of information necessary for the PBGC to determine whether a defined benefit (DB) plan is covered under title IV of the Employee Retirement Income Security Act (ERISA). The PBGC insures DB plans covered under title IV of ERISA. Covered plans are those described in Section 4021(a) of ERISA but not those described in Section 4021(b)(1)–(13). If a question arises about whether a plan is covered under title IV, the PBGC may make a coverage determination. One plan type for which coverage determinations are most frequently requested is church plans, according to the agency.Read more >
No Entries in 2018 Required Amendments List
In general, the Required Amendments List includes statutory and administrative changes in qualification requirements for individually designed retirement plans that are first effective during the plan year in which the list is published.Read more >
Duke University 403(b) Plan Lawsuits Reportedly Settled
The docket reports for two lawsuits filed against the university say counsel for the plaintiffs and counsel for the university have reported the cases settled.Read more >
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