The PBGC says that it is taking responsibility for the plan because St. Joseph Health Services has ceased operations and is liquidating. It adds that the plan has been unable to fund the minimum ...

Kodak will begin selling illiquid assets in the Kodak Retirement Income Plan (KRIP) and has instructed its pension committee to “take actions appropriate to position KRIP for a potential termination.” ...

The Department of Labor (DOL) might soon release long-awaited changes to the Voluntary Fiduciary Correction Program (VFCP) that should help plan sponsors and providers. The Department of Labor (DOL) ...

Be creative. Hoying remarked at the session offering tips and strategies that models are emerging regarding how different services affect different industries; McKay, at the best practices session ...

Specifically, the study found that opting out of automatic enrollment and escalation; the propensity to save absent automatic features; and losing unvested employer contributions and cashing out an ...

The IRS also notes that IRA holders have until April 15, 2025 — the due date for filing 2024 tax returns — to set up a new IRA or add money to an existing IRA for 2024. It adds that both Roth and ...

Opinion letter applications were filed with the IRS for the second remedial amendment cycle (Cycle 2) under the remedial amendment cycle system for 403 (b) pre-approved plans established under Revenue ...

President-elect Trump on Nov. 22 announced that former Rep. Lori Chavez-DeRemer (R-Ore.) and hedge fund manager Scott Bessent are his nominations to serve as Secretary of Labor and Treasury Secretary, ...

Early in 2024, the IRS had announced that it was postponing electronic filing of the Form 5558 through the Department of Labor's (DOL) EFAST 2 system until Jan. 1, 2025. It said the delay was due to ...

The 403 (b)/CIT issue is part of the unfinished business left over from the enactment of the SECURE 2.0 Act of 2022, which sought to allow their use, but there was disagreement in the House Financial ...

Participants. Panelists evinced a belief that the ability to have income during retirement is a good thing for participants. “It’s in the best interest of participants,” said Faustino. Sclafani ...

Retirees started claiming Social Security before their full retirement age. Retirees currently receiving Social Security started at age 63 (median) which translates to a lower monthly benefit than if ...