Experts with cash balance plan design and administration provider Kravitz define the concept of strategic plan termination—what the pros and cons are, and what an employer’s responsibilities entail under IRS and PBGC regulations.
Small business continues driving cash balance growth, with 92% of cash balance plans in place at firms with fewer than 100 employees, research from Kravitz finds.
An employer that sponsors a cash balance retirement plan will consult with the plan’s adviser to select one of three investment solutions independently managed by Sage Advisory Services.
A memo offers examples and would be a helpful guide for cash balance plan sponsors to assess whether their plan offers definitely determinable benefits.
The DOL disagreed with Foot Locker’s argument that each participant must show he or she detrimentally relied on Foot Locker's misrepresentations in order to obtain equitable relief.
The features of cash balance plans that make them easier to understand and make costs more predictable also create challenges for investing plan assets.
The Washington Post is moving away from both its traditional DB plan and cash balance plan, and has agreed not to transfer pension liabilities to an insurance company.