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The Pension Benefit Guaranty Corporation (PBGC) has revised the forms by which plan administrators and sponsors fulfill the requirement under Section 4043 of ERISA that they notify the PBGC of certain events that may signal problems with a pension plan or business. The Office of Management and...
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The vast majority of participants in defined benefit plans covered by the Pension Benefit Guaranty Corporation’s (PBGC) single-employer program receive all vested benefits, the PBGC says in a recently released report.
“PBGC’s Single-Employer Guarantee Outcomes,” issued in May 2019, reviews...
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In a big win for ACOPA and the lobbying efforts of its members, the Pension Benefit Guaranty Corporation (PBGC) is looking for comments on a proposal that would allow employers to request coverage determinations prior to establishment of a plan, as part of a new formal process where the PBGC would...
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The Pension Benefit Guaranty Corporation (PBGC) is seeking the approval of the Office of Management and Budget (OMB) of a collection of information that will help it to determine if certain plans are covered by Title IV of ERISA.
Plan sponsors or plan administrators would use the proposed form and...
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Congress returned from its two-week spring break with plans to consider bipartisan retirement security legislation to make it easier for businesses to offer retirement plans and for individuals to save for retirement.
House Majority Leader Steny Hoyer (D-MD) reportedly announced in a “Dear...
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New proposed legislation could help close the retirement savings coverage gap — and you can help make it a reality.
Small business owners face real challenges — costs, administrative burdens, and increased liability for mistakes — in the decision to provide retirement benefits for their workers....
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The IRS and Treasury are seeking comments concerning the way the Form 5500-EZ is filed. The IRS says that it plans to make the Form 5500-EZ available on the EFAST2 for direct electronic filing instead of using Form 5500-SF.
The Forms 5500 and 5500-SF are filed electronically through the web-based...
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After several years of record-breaking plan and participant outcomes, 2018’s market turbulence appears to have contributed to an increase in troubling participant behavior.
T. Rowe Price’s “Reference Point” reveals that 401(k) pretax deferral rates continued to rise in 2018, increasing to 8.6% on...
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Employers are seeking to assist workers with student loan debt for purposes ranging from altruistic to improving their bottom line, according to a new EBRI Issue Brief.
In “How Employers are Tackling Student Loan Debt: Evidence from the EBRI Employer Financial Wellbeing Survey,” better employee...
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So much happening – and there’s an easy way to catch up.
A week ago, the IRS made significant changes to EPCRS by issuing Revenue Procedure (Rec. Proc.) 2019-19, effective immediately – we’re talking self-correction of some of the more common failures relating to participant loans and plan...
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