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
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 >
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 >
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 >
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 >
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 >
2021 Health Savings Account Survey
Health Care Costs in Retirement Remain a Top Stressor

Fidelity’s latest analysis shows people often underestimate the potential cost of health care in retirement, even after two decades of watching health care costs increase year-over-year.

2020 Recordkeeping Survey
SECURE Act 2.0 Passed Unanimously by Ways and Means Committee

A rare unanimous affirmative voice vote by the Ways and Means Committee allows the SECURE Act 2.0 to be considered by the full House of Representatives.

TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

Editorial: Alison Cooke Mintzer


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