Tag: Cash Balance

Products | July 21st, 2010

Kravitz Brings Operations to New York Area

July 21, 2010 (PLANSPONSOR.com) – Cash balance plan provider Kravitz announced it has opened a New York office to develop...

Compliance | July 20th, 2010

Cash Balance Settlement Gets Court Approval

July 20, 2010 (PLANSPONSOR.com) – A settlement of two cash balance pension challenge suits against JPMorgan Chase has won...

Deals and People | June 21st, 2010

Clarity Expands Actuarial Practice

June 21, 2010 (PLANSPONSOR.com) - Clarity in Numbers, LLC (Clarity) today announced its addition of a new...

Compliance | June 9th, 2010

Alliant Tagged for Pre PPA Whipsaw Calculation

June 9, 2010 (PLANSPONSOR.com) – Alliant Energy Corp. improperly used a 30-year Treasury rate for whipsaw calculations for lump-sum distributions...

Compliance | June 9th, 2010

AT&T Cleared in Cash Balance Suit

June 9, 2010 (PLANSPONSOR.com) – A federal judge in New Jersey has ruled that AT&T did not violate the Employee...

Compliance | April 19th, 2010

Court Approves Settlement of Cash Balance Claims against Avnet

April 19, 2010 (PLANSPONSOR.com) – The U.S. District Court for the District of Arizona has approved a $34 million settlement...

Compliance | April 9th, 2010

PwC Cleared of Anti-cutback Claims over BofA Plan Transfers

April 9, 2010 (PLANSPONSOR.com) – A federal court has dismissed claims that PricewaterhouseCoopers knowingly participated in a violation of the...

Benefits | April 1st, 2010

Kravitz Report Cites Surge in Cash Balance Plans

April 1, 2010 (PLANSPONSOR.com) – Based on an analysis of government filings, a new report claims that cash...

Compliance | March 30th, 2010

S.C. Johnson Cleared for Cash Balance Backloading

March 30, 2010 (PLANSPONSOR.com) – S.C. Johnson & Sons Inc. was cleared of wrongdoing in connection with allegations it backloaded...

Compliance | January 29th, 2010

Participants not Due Additional Benefits Based on Defective SPD

January 29, 2010 (PLANSPONSOR.com) – A federal court has ruled that cash balance plan participants are not due additional benefits...

Products | January 27th, 2010

Guardian Investment Products Available for Cash Balance Plans

January 27, 2010 (PLANSPONSOR.com) - The Guardian Insurance & Annuity Company, Inc. announced that two of its group retirement products...

Products | January 15th, 2010

Kravitz to Offer Cash Balance Plan Administration Workshops

January 15, 2010 (PLANSPONSOR.com) – Kravitz, provider of cash balance plan design and administration, is launching a series of free...

Products | November 19th, 2009

DATAIR Releases PPA Windows Valuation System for Defined Benefit Plans

November 19, 2009 (PLANSPONSOR.com) - DATAIR has announced the latest release of its DB System, described as the...

Compliance | November 5th, 2009

Verizon Escapes $1.6B Pension Liability

November 5, 2009 (PLANSPONSOR.com) - A federal judge in Illinois who ruled last year that Verizon was bound by the...

Compliance | October 23rd, 2009

Administrative Remedies Need not be Exhausted in Cash Balance Case

October 23, 2009 (PLANSPONSOR.com) - The U.S. District Court for the Eastern District of Kentucky has declined to dismiss a...

Compliance | October 7th, 2009

Flight from Equities in Cash Balance Plan no ERISA Miscue

October 7, 2009 (PLANSPONSOR.com) - An employer's move to reduce its equity holdings and increase fixed income investments in its...

Products | September 21st, 2009

New PwC Plan Design Offers DB Funding Flexibility

September 21, 2009 (PLANSPONSOR.com) - Plan sponsors looking for a little breathing room on their defined benefit funding - along...

Compliance | August 14th, 2009

Court Sends Slimmed-Down Cash Balance Suit on its Way

August 14, 2009 (PLANSPONSOR.com) - JPMorgan Chase & Co. has successfully convinced a federal judge a former employee should be...

Compliance | July 10th, 2009

Appellate Judges Affirm Years-of-Service Definition for Retirement

July 10, 2009 (PLANSPONSOR.com) - An employer with a legacy cash balance plan could define normal retirement age as the...

Compliance | July 7th, 2009

AK Steel Faces New Lawsuit on Whipsaw Calculation for Distributions

July 7, 2009 (PLANSPONSOR.com) - A new lawsuit alleging AK Steel Corp. violated the Employee Retirement Income Security Act (ERISA)...