For example, a same-gender spouse of an employee who has a defined benefit plan will now benefit from his QPSA and QJSA pension coverage once only offered to an opposite-gender spouse. For this reason, I believe the rules regarding IRA and 401k immediate annuities should now also be the ...
Another type of employer-sponsored retirement program is a pension plan, also known as a defined benefit plan. In a pension plan, the employer contributes to the retiree’s pension fund, which guarantees a specific amount of income during retirement based on factors such as years of service and...
Darkness at Noon: Judicial Interpretation May Have Made Things Worse for Benefit Plan Participants under ERISA Than Had the Statute Never Been Enacted It suggests employees are worse off than they would have been had the statute never been enacted. How this came to be is worth considering. At ...
It explains the duty of loyalty which requires plan fiduciaries to discharge their duties with respect to a ... S Stabile,J Zanglein - 《Journal of Pension Planning & Compliance》 被引量: 1发表: 2007年 ERISA Fiduciaries Beware - Risk Is More Than a Four-Letter Word Changing demographics, ...
This paper begins with an overview of the private defined benefit plan system, with an emphasis on the various types of retirement income risk that exist and whVanDerhei, JackCopeland, CraigSocial Science Electronic PublishingERISA at 30: The décline of private-sector defined benefit promises and...
an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Co...
While this benefit is a major draw for talented team members, the necessary recordkeeping can be a struggle for employers. From tracking payroll data to following new federal regulations, it can hard to stay up to date. If that sounds familiar, ask us about Paycor’s 401(k) plan ...
A401(k) planis a type of retirement savings plan that is offered by employers to their employees as a benefit. The name 401(k) comes from the section of the U.S. tax code that governs these plans. In a 401(k) plan, employees can contribute a portion of their pre-tax income up to...
The 401(k) plan is a defined-contribution pension plan, although the term “pension plan” is commonly used to refer to the traditional defined-benefit plan. The defined-contribution plan is less expensive for a company to sponsor, and the long-term costs are easier to estimate. It also ta...
What Is a DB(k) Plan? A DB(k) plan is a hybrid retirement plan that combines some of the characteristics of adefined contribution plan, such as a401(k)plan, with those of adefined benefit (DB) plan. A 401(k) plan is atax-advantaged, defined-contribution retirement account offered by...