What Does SECURE 2.0 Do for 420 Transfers?
Even though it opens the process up for more pension funds to participate, few are likely to take advantage.
Tag: multiemployer pension plans
DOL Sues 401(k) Plan, Fiduciary for Abandoning Plan
The Department of Labor claims a payroll services and HR outsourcing company has effectively barred participants from accessing accounts and...
Voya Financial Launches 403(b) PEP
Beginning August 1, Voya will bring what it is calling the very first pooled employer plan to employees of large...
Products |
Vestwell Announces Expansion of MEP and PEP Solutions
In response to SECURE 2.0 permitting more flexibility for multiple and pooled employer plans, Vestwell is expanding its offerings for...
Benefits |
2 More States Create Retirement Savings Plans for Private Sector Workers
Legislators in Missouri and Minnesota passed bills to expand access to retirement savings for private sector employees, and Vermont legislators...
DOL Offers Guidance for Multiemployer Plans
Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.
Defined Benefit Plans Posted Worst Performance Since 2008 Crisis Last Year
But performance for defined benefit plans did rebound in Q4, according to a new report.
Products |
WTW Launches Its First Pooled Employer Plan
Retirement advisory WTW launches LifeSight PEP with Transamerica as recordkeeper.
DOL to Inquire If Regulatory Guidance Could Boost PEPs
EBSA's agenda includes speaking with plan sponsors, service providers and plan participants; asking what regulators can do to help increase...
Benefits |
Central States Teamsters Pension Fund Becomes the Largest SFA Rescue
The multiemployer plan will receive $35.8 billion in assistance, making it the largest bailout under the Special Financial Assistance program...
Union Multiemployer Plan Faces ERISA Lawsuit
Plaintiffs have alleged fiduciary breaches against retirement plan fiduciaries for the International Union of Elevator Constructors.
PBGC Proposes Rule for Multiemployer Pension Withdrawals
The Pension Benefit Guaranty Corporation proposal clarifies assumptions for determining an employer’s withdrawal liability.
Funded Levels for Multiemployer Plans Tumble in First Half of 2022
The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.
Benefits |
PBGC to Provide Nearly $800 Million to Rescue 2 Pension Plans
The agency has so far approved $7.4 billion under the Special Financial Assistance Program to pension funds covering more than...
IRS Addresses Mergers Involving DB Plans That Have Received SFA
The ongoing plan must still separate special financial assistance funds and invest them according to final regulations.
Experts Analyze the Finalized Union Pension Relief Funding Framework
A handful of important changes were made this week to the Pension Benefit Guaranty Corporation’s Special Financial Assistance program for...
Final Stressed Union Pension Assistance Rule Issued by PBGC
After months of operating on an interim basis, the Special Financial Assistance program for multiemployer pensions has been formally finalized...
Department of Labor Announces Final Form 5500 Changes
The changes to Form 5500 for defined contribution and defined benefit plans are modest.
Benefits |
PBGC Approves Assistance for Five More Multiemployer Plans in May
Special Financial Assistance program to date has approved more than $6.2 billion to cover nearly 120,000 participants.
Benefits |
PBGC Greenlights Over $300 Million For 3 Multiemployer Pensions
The Special Financial Assistance program funding will cover benefit payments for almost 2,000 participants.