EBU
Showing 161–176 of 395 results
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COMPLIANCE ALERT – Upcoming compliance deadlines
February / March 2016
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 111
Abstract: This feature lists a few key tax reporting deadlines for March and April.
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Shut the door – IRS ends defined benefit plan lump sum payouts
February / March 2016
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 307
Abstract: Last summer, the IRS effectively overturned a number of private letter rulings issued over the past several years. Those rulings allowed plans to amend their qualified defined benefit plan to permit a participant in pay status to elect to convert the remaining value of the participant’s annuity payments to a lump sum payment during a temporary “window period.” This short article discusses the IRS’s new stance on issuing determination letters in these situations.
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It may be time to offer annuity options to 401(k) plan participants
February / March 2016
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 521
Abstract: In theory, enabling 401(k) plan participants to convert their accumulated retirement savings into a lifetime income stream through an annuity contract sounds like a win. After all, it allows them to basically turn their 401(k) into a pension, so that they have a predictable income stream during their lifetime. This article looks at why annuities haven’t been used more and whether new DOL guidance will change that.
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IRS eases pain for correcting certain plan administration errors
February / March 2016
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 784
Abstract: The IRS acknowledges that retirement plan administrators aren’t infallible, and provides correction for certain administrative errors. Most recently, it reduced certain penalties and extended certain deadlines for fixing specified mistakes. This article reviews the recent updates as to how the IRS and DOL will handle certain plan errors. A sidebar lists conditions under which the IRS will forgo imposing a penalty for failing to process participant 401(k) plan deferrals.
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What are you forgetting? Reviewing commonly overlooked fiduciary duties
February / March 2016
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 802
Abstract: Although retirement plan fiduciaries take their jobs seriously, it can be hard to cover all the bases. That’s understandable, considering the broad scope of fiduciary responsibility as well as the dynamic nature of the retirement plan designs, investment management and legal interpretations of fiduciary duty. This article highlights some common pitfalls, including failing to identify the plan’s fiduciaries, insufficiently training fiduciaries, and spending too much time on inappropriate investments.
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COMPLIANCE ALERT – Upcoming compliance deadlines:
Year End 2015
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 97
Abstract: Some investment managers who haven’t broken into the ranks of the largest target date fund (TDF) providers are using a “one-size-doesn’t-fit-all” argument to promote customized TDFs. And the argument has merit. This short article looks at the pros and cons of customized TDFs.
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Is a customized TDF right for you?
Year End 2015
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 319
Abstract: Some investment managers who haven’t broken into the ranks of the largest target date fund (TDF) providers are using a “one-size-doesn’t-fit-all” argument to promote customized TDFs. And the argument has merit. This short article looks at the pros and cons of customized TDFs.
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Give employees more bang for their buck – How to use default deferral rates and auto-escalation clauses
Year End 2015
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 513
Abstract: According to a Plan Sponsor Council of America survey, only 46% of defined contribution plans automatically enroll participants. The most common default deferral rate for those that do is 3%. Are plan sponsors telling employees that they can afford to retire by saving just 3% of their salary each year? Some participants may think so. This article discusses how to use default deferral rates and auto-escalation clauses to boost participants’ retirement savings.
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Tibble case puts focus on fiduciaries’ ongoing duties
Year End 2015
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 850
Abstract: Earlier this year, the U.S. Supreme Court clarified the ongoing duty of retirement plan fiduciaries to monitor plan investments. Tibble v. Edison International has been percolating through the federal court system since 2007. The article reviews the case’s focus on the timing of lawsuits against plan fiduciaries for breaches of their fiduciary duty. Tibble v. Edison International, 135 S.Ct. 1823 (U.S. 2015); 29 U.S.C. § 1113
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Determination letter limbo – IRS makes changes to determination letter program
Year End 2015
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 675
Abstract: Sponsors of individually designed qualified retirement plans will need to adjust to the idea of operating without the IRS’s official blessings when changing the plan document to comply with new laws and regulations. Earlier this year the IRS laid out its plans to scale back its plan determination letter program. This article explains what plan sponsors need to know.
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COMPLIANCE ALERT – Upcoming compliance deadlines:
October / November 2015
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 75
Abstract: ERISA’s disclosure rules require plan administrators to inform participants of circumstances that may cause a loss of benefits. But just what counts as a disclosure? This brief article summarizes a recent case involving the sufficiency of an electronic notice. Raymond Thomas v. CIGNA Group Insurance, et al. (No 09-CV-5029); 2015 WL 893534 (E.D. N.Y. 2015)
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When electronic disclosure isn’t enough under ERISA
October / November 2015
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 307
Abstract: ERISA’s disclosure rules require plan administrators to inform participants of circumstances that may cause a loss of benefits. But just what counts as a disclosure? This brief article summarizes a recent case involving the sufficiency of an electronic notice. Raymond Thomas v. CIGNA Group Insurance, et al. (No 09-CV-5029); 2015 WL 893534 (E.D. N.Y. 2015)
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Survey says – Poll highlights what participants think they know
October / November 2015
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 449
Abstract: It’s no secret that a large percentage of Americans don’t fully comprehend basic financial topics. The results of the Retirement Income Literacy Survey conducted online last year for the American College weren’t heartening. This article reviews the findings.
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Year end notices: Staying on top of the requirements
October / November 2015
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 843
Abstract: As the turn of the calendar year nears, annual notices should be on the minds of most plan sponsors. For plans using the calendar year, numerous notices are due to be given in the next few months. This article highlights some of the notices that must be sent to either participants, the IRS or the DOL in the next three months.
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Be careful what you toss – Plan record retention requirements
October / November 2015
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 774
Abstract: As far as the IRS is concerned, you can’t save too many retirement plan documents. Plan sponsors, on the other hand, might reasonably feel the need to free up file storage space every now and again by purging documents no longer needed. This article examines where to draw the line. A sidebar looks at IRS rules for documentation of hardship withdrawals and participant loans.
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COMPLIANCE ALERT – Upcoming compliance deadlines:
August / September 2015
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 50
Abstract: This feature lists a few key tax reporting deadlines for September.