Budget Deal's PBGC Premium Hike CriticizedGroups representing pension plan sponsors sharply condemned a provision of the bipartisan budget agreement that will raise an additional $8 billion by hiking premiums paid to the Pension Benefit Guaranty Corporation.
HR Spends More Time on Benefits Education
Many companies now offer various forms of education on saving for retirement and, to a lesser extent, planning for health care costs, as well as debt management and budgeting.
Remind Eligible Employees About Saver's Tax Credit
The saver’s credit, also known as the retirement savings contributions credit, helps offset part of the first $2,000 that low- and moderate-income workers contribute to their 401(k) or similar plans.
Revisiting 401(k) Fees in a Post-Disclosure World
Employers have new opportunities to look closely at their existing 401(k) fee structures. Plan sponsors should review not just pricing levels but the overall pricing methodology.
Final Regs on Suspending 401(k) Safe-Harbor Contributions
On Nov. 15, the IRS issued final regulations on mid-year reductions or suspensions of “safe harbor” contributions made to 401(k) plans, revising proposed regs issued in May 2009. Safe-harbor notices may need to be revised.
Companies Move to 'De-Risk' Pension Plans
A growing number of U.S. employers are formalizing steps to de-risk their defined benefit pension plans through lump-sum payouts and annuity purchases.
Employers Boost 401(k) Match Contributions, Relax Eligibility Rules
The most common 401(k) match is now $1 per $1 on the first 6 percent of employee deferrals.