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Retirement Plans Newsletter

February 24, 2021

5 Jobs Today (scroll to view)

 

Exceptional Usefulness and Quality icon Partial Plan Terminations and the Consolidated Appropriations Act

"[The Consolidated Appropriations Act, 2021] possibly offers relief for partial plan terminations that occur in either 2020 or 2021, even if the employer-initiated terminations occurred prior to March 13, 2020 or after March 31, 2021.... [L]egislation extending or modifying the relief period is likely."  MORE >>

Hall Benefits Law

[Sponsor]

Restatement Cycles Timelines - ASC Makes It Simple

Restatement Cycles Timelines are complicated, as each plan type has a different six-year restatement cycle. Refer to ASC’s “At a Glance” Restatement Timelines so that you can easily see the different restatement cycles. View the timelines here >>

Sponsored by ASC

New PBGC Rule Simplifies Multiemployer Plan Withdrawal Liability Calculations

"The Final Rule provides simplified, streamlined methods for a multiemployer plan sponsor to: [1] Disregard reductions and suspensions of nonforfeitable benefits in determining the plan's unfunded vested benefits for purposes of calculating withdrawal liability. [2] Disregard certain contribution increases and surcharges for purposes of calculating withdrawal liability."  MORE >>

McDermott Will & Emery

Editor's Note: The New Mobile-Friendly Format Continues to Carry Full Content

Please note that the BenefitsLink newsletters contain all the same information as before. By scrolling down a bit, you'll find the familiar jobs, webcasts, press releases, and discussions. Scroll, scroll, scroll a bit, gently down the screen... ♫ ♪  MORE >>

BenefitsLink

How Big Can a Retirement Plan Be and Still Qualify for the Small Plan Audit Exemption?

"In the good old days, if you had more than 100 or 120 participants, as applicable, you had a large plan -- AUDIT REQUIRED! Pursuant to the SECURE ACT, however, starting on January 1, 2021, a group of Small Plans can band together in one Pooled Employer Plan (PEP) and still escape the audit requirement, but only until the total number of participants in the PEP reaches 1,000 (or one of the Small Plans becomes a Large Plan)."  MORE >>

Belfint Lyons Shuman

Access to Guaranteed Lifetime Income Boosts Employee Confidence and Retirement Savings During Pandemic

"[M]ore than three in ten employees say they increased their retirement savings contributions in the last year ... 80 percent of employees who have guaranteed lifetime income in retirement -- like an in-plan annuity -- say they feel confident in their progress toward their long-term savings goals, compared to 45 percent of those who do not have a source of guaranteed lifetime income."  MORE >>

TIAA

Retirement Risk Readiness Study: Concern Over Pandemic's Effect on Finances, Rise in Earlier-Than-Expected Retirements

"More than two-thirds (68%) of retired respondents said they retired earlier than expected ... Nearly seven in 10 (69%) Americans (age 21+ in 2007) said they believe the COVID-19 pandemic will have a greater overall economic impact than the Great Recession (2007-2009), with retired respondents feeling most adamant (86%, versus 69% for near-retired and 68% for pre-retired)."  MORE >>

Allianz Life Insurance Company of North America

Outsourced CIO: Key Issues for Corporate Pensions (PDF)

"Three practical considerations must be addressed by any pension plan sponsors considering outsourcing ... [1] Fiduciary duty ... [2] Role ... [3] Evaluation ... This paper summarizes each of [these] categories,... and includes a sample set of interview/RFP questions and a 'who does what' worksheet."  MORE >>

Russell Investments

403(b) Retirement Plan Fee Litigation: February 2021 Update

"As the COVID-19 pandemic wears on, existing 403(b) retirement plan fee litigation has seen a decline in activity. However, since ... September, there have been a few significant updates of note ... [A chart] provides detailed information on each case."  MORE >>

Cammack Retirement Group

Here Are the Companies with the Best 401(k)s

"These companies provide a generous 401(k) match to employees."  MORE >>

U.S. News & World Report

Executive Compensation and Nonqualified Plans

A Look at the NQDC Market

"Data on number of plans, participants and liabilities by nonqualified plan type, and a listing of the largest providers of section 409A plans and section 457 plans."  MORE >>

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Employee Benefits Jobs

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for Pension Investors Corp of Orlando Inc

Defined Contribution Plan Administrator

Pension Investors Corp of Orlando Inc

Altamonte Springs FL

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for Howard Simon & Associates View job as Retirement Plan Administrator
for Howard Simon & Associates

Retirement Plan Administrator

Howard Simon & Associates

Deerfield IL

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for Hicks Pension Services

Retirement Plan Administrator

Hicks Pension Services

Telecommute / San Luis Obispo CA

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for The Retirement Advantage [TRA]

Document Specialist

The Retirement Advantage [TRA]

Telecommute

View job as Account Manager - Retirement Plan Services
for CBIZ

Account Manager - Retirement Plan Services

CBIZ

Telecommute

Press Releases

Tax Season 2021: myStockOptions.com Resources Include Crucial Guidance On IRS Reporting Changes

myStockOptions.com

Webcasts and Conferences

The Accidental Plan Sponsor: Origins, Evolution and Future of the U.S. Retirement System

February 24, 2021 WEBCAST

PGIM

Fiduciary Best Practices

March 4, 2021 WEBCAST

Littler

Last Issue's Most Popular Items

Introduction to Fiduciary Prudent Practices (PDF)

Broadridge Fi360 Solutions

Send Out the Search Party: Retirement Plan Fiduciary Duties Under DOL Missing Participant Guidance

Thompson Hine

Annual Defined Contribution Plan Deadlines for the Plan Year Ending December 31, 2021 (PDF)

VOYA Financial

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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

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