PLANSPONSOR Weekend Newsdash
Week ending July 15th, 2016
In addition to reports about debt and other retirement worries, this week’s news included research suggesting Roth accounts are beneficial to most retirement plan participants and that public pension plans are more portable than one might think. Regulators have been busy, as Form 5500 changes have been proposed and the Internal Revenue Service (IRS) is now asking defined benefit (DB) plan sponsors applying for a determination letter to reveal any risk transfer plan language. An attorney shares how he helped a multiemployer plan member reduce withdrawal liability, and experts we turn to answer the question of when a participant loan is actually considered to be in default. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Compliance
IRS Requesting DB Lump-Sum Payment Window Information
DB plan sponsors requesting a determination letter should identify whether the plan has risk transfer language.Read more >
Compliance
Form 5500 Annual Report Modernization Proposed
Regulators including the DOL, PBGC and IRS are seeking to update the reporting requirements related to the Form 5500 filed by private-sector retirement plans.Read more >
Industry Voices
Reductions in Multiemployer Plan Withdrawal Liability Possible
Robert R. Perry, a principal in the New York City office of Jackson Lewis P.C., recently represented an employer in a withdrawal liability arbitration that resulted in the employer saving approximately $15 million.Read more >
Data and Research
Public Pensions Provide Retirement Income and Portability
Research finds that nearly all state retirement systems have features that allow for preservation of retirement income benefits even for employees who change jobs.Read more >
Ask the Experts: (b)lines
When Is a Loan Considered to Be in Default?
“I noticed that you have written a number of Ask the Experts columns regarding loan defaults, but none of those Q&As appear to answer a basic question that I have. When is a loan considered to be IN default?”Read more >
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MOST POPULAR STORIES
2021 Target-Date Fund Survey
The DOL Has Begun Retirement Plan Cybersecurity Audits

Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge fiduciaries to act on the DOL’s recent guidance.

Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the past.
2020 Recordkeeping Survey
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?

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

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