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Making it the fifth appeals court to find that cash balance plans do not violate age discrimination law, a San Francisco court joined four others to rule in favor of the plans.
August 27
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Nearly half (43%) of employees say they would use employer-sponsored services to find pet care if offered, states a new survey from Workplace Options. Three in five American workers own pets.
August 27
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Under what circumstances employers can recoup HSA contributions? Wolters Kluwer breaks it down.
August 26
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Here's a problem every defined benefit plan sponsor would love to have: plan surpluses. However, as the Pension Protection Act forces sponsors toward higher funding targets, it promises to become a bona fide issue, according to Towers Perrin. The consulting firm offers tips on managing surpluses.
August 25
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Is there a 'hidden benefit' to the recently slumping economy? More than 300 respondents of a recent Omnia Group survey certainly think so.
August 25
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Not all target-date funds are alike, so make sure you select one that ensures your specific workforce can hit the retirement bullseye. This checklist from the National Association of Government Defined Contribution Administrators (just rolls off the tongue, doesn't it?) can help you make the best choice....
August 22
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Thanks to all who corrected us on this. We've fixed the original post so no more readers are misinformed.
August 22
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This development is actually an Internal Revenue Service action, not a Department of Labor action. It is the IRS that maintains the Voluntary Correction Program (VCP) under its Employee Plans Compliance Resolution System (EPCRS).
August 21
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Everyone makes mistakes, and the IRS understands. The agency is enhancing its voluntary correction program for qualified retirement plans, effective Jan. 1, 2009, although plan sponsors can begin applying the new program guidelines as early as Sept. 2.
August 21