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With President Obama poised to deliver his State of the Union address on Jan. 20, a powerful coalition of retirement, union and so-called consumer protection groups have again interjected themselves into the debate over retirement plans.The coalition’s website, Saveourretirement.com, intends to...
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Reports of hacks, identity theft and more highlight the importance of making sure information about plan participants and beneficiaries is secure. In fact, it’s more than a good idea — it’s part of a fiduciary’s duty.The 401(k) HelpCenter suggests questions to ask to make sure participants’ and...
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Funding levels of pension plans sponsored by the S&P 1500 fell by 9 percentage points in 2014, from 88% to 79%. According to Mercer, the plans’ collective deficits more than doubled last year, reaching $504 billion at year-end.The plans had been doing well in 2014, Mercer said, having benefited...
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The 7th U.S. Circuit Court of Appeals has outlined the conditions for determining the existence of a partial plan termination, ruling on the fifth appeal of what it called a “seemingly interminable class action suit.”The ruling came in a case filed just two months short of 19 years ago, in which...
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Illinois Attorney General Lisa Madigan (D) is arguing that the Land of Lincoln has “police powers” that allow it to change a contract in extraordinary circumstances, including changes to the state’s public pensions contained in a 2013 pension overhaul.Madigan is appealing a lower court ruling that...
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House Budget Committee ranking member Rep. Chris Van Hollen (D-Md) unveiled a set of tax proposals Jan. 12 that are said to be designed, at least in part, to redistribute current tax breaks for the wealthy to middle-class workers.While the “action plan” includes proposals that could draw bipartisan...
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Available through February 24, 2016 Speaker: Lawrence C. Starr, CPC, QPFC, FLMI, CLU®, CEBS, ChFC®, EA, President, Qualified Plan Consultants, Inc. Access the presentation outline here!Case study examples will illustrate effective use of the coverage testing...
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The Pension Benefit Guaranty Corporation (PBGC) on Jan. 12 issued a draft of the 2015 premium filing form and instructions. It provides information for plans paying premiums for plan years beginning in 2015, including instructions for all the particular forms of data that must be reported.The...
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Update (9/11/15): The CE guidelines have been updated for the 2015/16 credentialing period. You may view them here.The deadline for earning and reporting your 2013-2014 Continuing Education (CE) credits has been extended to Feb. 28, 2015.If you still need to earn CE credits for this cycle, visit...
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A regulation that would allow for a “window” period for giving out the annual notice required in most 401(k) plans appears to be heading for a spring 2015 publication date — and that could be good news for your plan sponsor clients.A new addition to the November 2014 DOL guidance plan was a project...
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