This enables corporations to expense their contributions at a higher tax rate, according to Cerulli.
Tag: defined benefit plan
Nearly half would like a digital retirement coach, an Accenture survey found.
Northern Trust amended its benefit formula in 2012 and provided a transitional benefit that assumed salary increases of 1.5% per year, and the court found expectations of higher salary increases was not part of an “accrued benefit.”
This is a pre-approved plan that meets IRS requirements.
Facing several uncertainties in the health care industry, organizations are looking to revamp their retirement plans to attract talent.
The consultancy identifies 10 investment-related terms rendered outdated by change.
According to a Sears announcement, following the making of a $407 million contribution, it will be nearly relieved of the obligation to make further contributions to the pension plans for approximately two years.