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| Webcast Event |
| Do you want to reduce the risks that come with plan management and improve participants’ outcomes? Then, join us for a webcast on June 7, “Retirement Plan Trends: What keeps Plan Sponsors up at night?”Read more > |
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| Compliance |
| Court Orders Independent Plan Fiduciary for Cambridge Technology Group |
| The Department of Labor (DOL) found the company’s president and CEO did not process any distribution requests submitted by 401(k) plan participants, among other Employee Retirement Income Security Act (ERISA) violations.Read more > |
| As PBGC Director Works on Pension Crisis, Senators Question Trump’s Decision to Oust Him |
| Senators have sent a letter to President Donald Trump demanding an explanation of his sudden decision to replace Tom Reeder as Director of the Pension Benefit Guaranty Corporation (PBGC). The president has nominated Gordon Hartogensis—who, the senators say, seems to have little to no prior experience relevant to the pension system and the work of the PBGC—to replace Reeder. Reeder recently told the Joint Select Committee on Solvency of Multiemployer Pension Plans that insolvency of the PBGC multiemployer program could result in participants in failed multiemployer plans receiving a very small fraction—an eighth or less, on average—of the current benefit guarantee level.Read more > |
