|
|
|
Week ending May 25th, 2018 |
|
Hello, PLANSPONSOR readers! Pension Benefit Guaranty Corporation Premiums (PBGC) are a growing cost for defined benefit (DB) plans. Sources from October Three say most DB plan sponsors are overpaying premiums and they offer a solution for plan sponsors and options especially for those in the health care industry. In Part II of a series, Michael Kreps and Mark Carolan of Groom Law Group discuss funding waivers and in-kind contributions as options for unaffordable pensions. Vanguard advocates for a global bond strategy to improve DB plan returns. Enjoy the holiday weekend!
|
|
|
|
|
 |
| IRS Announces 2019 HSA Contribution Limits | For an individual with family coverage, the 2019 health savings account (HSA) contribution limit is $7,000, up from the recently reset $6,900 limit for 2018. | | | 4% Rule Not a Reliable Retirement Income Withdrawal Strategy for All People | | A retiree’s investment portfolio is a large factor in determining an optimal, safe withdrawal rate in retirement, but longevity, expected spending and whether guaranteed retirement income is available plays a part as well. | | | Lawsuit Argues MetLife Pension Calculations Use Outdated Mortality Table | A newly filed complaint takes issue with the way MetLife calculates the actuarial equivalence of different types of annuity benefit options available in the firm’s pension plan. | | | 401(k) Plan Sponsors Enhancing Plan Design | The availability of Roth contributions has doubled in the last decade, and more plan sponsors are using a default deferral rate with automatic enrollment that is higher than 3%, a Plan Sponsor Council of America survey found. | | | Financially Well Employees Buoy the Bottom Line | According to John Hancock data, helping employees reduce their financial worries is well worth employer’s time and attention. | |
|
|
|
