Current Internal Revenue Service employee benefit plan examinations initiatives heading into 2016 match closely the priories announced for the year almost ended.
Plans continue to gain financial stability, but changing participant demographics threaten to derail this in the future.
An actuary report says the Central States plan is projected to become insolvent in 2026.
The appellate court determined a district court did not properly review successorship factors.
A federal appellate court found unpaid multiemployer plan contributions are not assets of the plan, so a member employer has no control over them.
If the successor liability notice requirement excludes notice of contingent multiemployer pension plan liabilities, “a liability loophole would exist,” the 7th Circuit said.
Kenneth Feinberg has been appointed as a Special Master to help provide a dedicated, impartial and informed review of applications proposing to reduce pension benefits.
Expanded annual actuarial certifications for multiemployer plans are due March 31 for calendar year plans.
Multiemployer plans have not fully rebounded from the 2008 financial crisis because returns have not kept pace with growth in liabilities, according to Milliman.
The FAQs are addressed to multiemployer plan participants, and provide a summary of certain reform provisions.
The PBGC and the IRS have issued requests for information to help them with issuing guidance about the Multiemployer Pension Reform Act of 2014.
The Supreme Court decided not to review an appellate court decision ordering several commonly owned companies to pay withdrawal liabilities owed to a multiemployer pension plan by a withdrawing company.
The passage of the Multiemployer Pension Reform Act of 2014 represents an important milestone for multiemployer pension plans in the United States.
Retirement plan sponsors get a glimpse of any changes in Form 5500 filing requirements from the newly released advance copies from the Department of Labor.
The U.S. House of Representatives has approved a bill that would extend funding and benefit rules for multiemployer plans.
A court determined the fake Professional Industrial Trade Workers Union was a front for a scheme to operate a purported, union-sponsored employee benefit plan.
A new report suggests multiemployer defined benefit (DB) plans are rebounding after a turbulent decade.
August 28, 2014 (PLANSPONSOR.com) - The owner of a Maryland electrical contracting company pleaded guilty to falsifying plan documents to avoid making contributions to several employee benefits plans.
August 22, 2014 (PLANSPONSOR.com) – An employer that participated in a multiemployer pension plan cannot sue plan trustees regarding the amount of its plan withdrawal liability.
August 14, 2014 (PLANSPONSOR.com) - Multiemployer retirement plans face three structural challenges that affect their funding, according to a brief from the Center for Retirement Research at Boston College.