Tag: Cash balance/Hybrid

Health System Settles Cash Balance Plan Suit

September 17, 2014 (PLANSPONSOR.com) – A Madison, Wisconsin-based hospital has agreed to settle a lawsuit brought by cash balance plan participants rather than face a large class action suit.

Report Suggests Cash Balance Plan Would Benefit Ill. Teachers

August 1, 2014 (PLANSPONSOR.com) – An alternative plan design, such as a cash balance plan that would allow participants to earn future benefits gradually throughout their careers could generate larger pensions for many Illinois teachers, the Urban Institute suggests.

No Harm Required to Seek Plan Reformation

February 24, 2014 (PLANSPONSOR.com) - A federal appeals court has found a retirement plan participant need not show “harm” to pursue a remedy of plan reformation for failing to disclose information.

Brief Discusses Cash Balance Plans for Public Employers

February 14, 2014 (PLANSPONSOR.com) – As traditional defined benefit pension plans are placing a strain on state and local budgets, policymakers across the country are taking a closer look at alternative ways to design a retirement plan.

IRS Readies for Pre-Approved Cash Balance Plans

January 24, 2014 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) intends to expand its pre-approved defined benefit plan program to permit plans with certain cash balance features to be submitted by sponsors and practitioners.

DATAIR Offers Cash Balance/401(k) Combo Plans

July 31, 2013 (PLANSPONSOR.com) – The Illinois-based DATAIR Employee Benefit Systems, Inc., has released a new suite of software, training and support services for consultants and administrators of 401(k) plans.

Court Finds La. Pension Change Invalid

July 1, 2013 (PLANSPONSOR.com) – The Supreme Court of Louisiana reaffirmed that a law concerning state retirement programs was enacted in violation of that state’s constitution.

Cash Balance Plans Could Overtake 401(k)s

April 19, 2013 (PLANSPONSOR.com) – Cash balance plans are growing in popularity and could overtake 401(k) retirement plans within the next few years, according to research from Sage Advisory Services.