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Benefits & Administration |
One-Third of Retirement Plans Audited in Past Two Years |
Regulatory compliance was the third top concern (47%) of retirement plan sponsors surveyed by Willis Towers Watson, even though the survey revealed that nearly one-third (31%) of respondents have had their retirement plans audited by the Internal Revenue Service or Department of Labor. Larger employers reported an even higher audit rate. Roughly half of employers with at least 25,000 employees have faced an audit over the past two years.Read more > |
DB Plan Funded Ratios Down in June and Q2 |
Mercer finds a 3% decline for S&P 1500 companies and Wilshire finds a 1.8% decline for S&P 500 companies for June, while LGIMA finds a 3% quarterly decline for the typical DB plan.Read more > |