PLANSPONSOR Weekend Newsdash
Week ending January 5th, 2018
Hello PLANSPONSOR readers! This week we focus on plan design and administration. A survey and expert commentary shows small retirement plans are seeking the help of advisers and why this is so. An alert about benefit limitations for retirement plans covering Puerto Rico residents reminds plan sponsors to review any plan design and administrative differences for plans covering residents of U.S. territories. From the courts, one case has lessons for what constitutes a qualified domestic relations order (QDRO) for Employee Retirement Income Security Act (ERISA) plans, and other litigation stresses the importance of plan sponsors doing due diligence when deciding to offer a stable value fund in their plans. And, October Three Consulting suggests defined (DB) plan sponsors can reduce PBGC premiums by splitting up their plans. All this and more in this edition of PLANSPONSOR Weekend!
Editor's choice
Compliance
PBGC Expands Missing Participants Program
Beginning in January, terminating defined contribution (DC) plans will have the option of transferring missing participants’ benefits to the Pension Benefit Guaranty Corporation (PBGC) instead of establishing an individual retirement account (IRA) at a financial institution.Read more >
Compliance
IRS Issues Mortality Tables to Be Used for DB Plans in 2019
The updated mortality improvement rates and static tables apply for purposes of calculating the funding target and other items for valuation dates occurring during calendar year 2019.Read more >
Compliance
Court Finds Divorce Decree Qualifies as QDRO
Although the case involves an employer-provided life insurance plan, it has lessons for what constitutes a QDRO for all ERISA plans.Read more >
Investing
Litigation Cautions Plan Sponsors to Evaluate Stable Value Funds
An analysis from Mayer Brown LLP attorneys offers helpful guidance for retirement plan fiduciaries thinking about making changes to their stable value or money market funds in 2018.Read more >
Administration
Reducing PBGC Premiums by Splitting Up a DB Plan
The idea is to put participants with lesser unfunded vested benefits (UVBs) in one plan, and those with greater UVBs in another.Read more >
MOST POPULAR STORIES
Getting SECURE Act’s Lifetime Income Provisions Right
Industry sources agree pains must be taken to ensure mandatory lifetime income projections to participants are accurate and contextual education is provided.
Getting Ready to Include Part-Time Employees in Retirement Plans
401(k) plan sponsors need to understand all the parts of the new requirement and, for some, the long-term effects on plan administration.
Roth is Not Just a Young Man’s Game

Erica K. Johnson, BOK Financial, discusses why Roth retirement plan contributions may be beneficial to a wider group of employees than previously thought.

Remembering the Basics of Fiduciary Duties
What ERISA retirement plan sponsors should know about their responsibilities as they make plan decisions or even outsource decisions to others.
Tips to Reduce Participant Count to Avoid Financial Audit Requirement

Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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