Plan Sponsor Views on Dynamic QDIAs (PDF)

"Plan sponsors adopted the dynamic QDIA primarily because ... it would provide participants the age-appropriate service and advice they needed to optimize their retirement outcomes. Participants' investment sophistication, or lack thereof, helped drive the plan sponsors' decision to adopt the dynamic QDIA."  MORE >>

Defined Contribution Institutional Investment Association [DCIIA]

Single Employer Funding Decisions After ARPA: Opportunities and Pitfalls (PDF)

"If an employer reduces pension contributions in reliance on the new legislation, certain pension plan de-risking strategies may become more difficult to execute ... If employers reduce their pension plan contributions to take advantage of funding rule changes, their unfunded benefit obligations for purposes of calculating variable rate premiums will increase -- potentially resulting in increased liabilities to the PBGC."  MORE >>

Cowden Associates, Inc.

Competitive Pricing Rate for Pension Risk Transfer Costs Increases in April (PDF)

"During April, the average estimated cost to transfer retiree pension risk to an insurer dropped, from 102.7% of a plan's total liabilities to 102.4% of those liabilities.... [A]nnuity purchase costs reflecting competition amongst insurers increased, from 99.7% in March to 100.1% in April. This is the first time since November 2020 that the competitive pricing rate has trended above the 100% threshold."  MORE >>

Milliman

Senators Introduce Bipartisan Retirement Bill

"The Improving Access to Retirement Savings Act [S 1703] parallels, but does not exactly match, the Securing a Strong Retirement Act [HR 2954], a piece of legislation which was recently advanced out of committee in the House of Representatives."  MORE >>

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Sens. Grassley, Hassan, Lankford Reintroduce Retirement Savings Bill

"[T]he Improving Access to Retirement Savings Act [S 1703] ... will build off the successful implementation of the SECURE Act and make improvements so that more organizations and small businesses can participate in multiple employer plans."  MORE >>

InsuranceNewsNet.com

[Sponsor]

Avoid Security Risks by Effectively Managing Your Pension Plan

How big of a security risk is it to work with disparate software programs, partners and data sources? Join the experts on how to effectively streamline the management of pension participants and the application of the DOL cybersecurity guidance.

PBGC Discontinues Monthly Interest Rate Summary

"Given that current and historical information about the four interest rates that currently appear on the Monthly Interest Rate Summary are available on other rate-specific webpages on PBGC.gov, PBGC is ceasing publication of the Monthly Interest Rate Summary. The May summary ... is the final summary."  MORE >>

Pension Benefit Guaranty Corporation [PBGC]

Benefits at Tiffany's: Equitable Relief Under ERISA 502(a)(3) Does Not Support Money Damages

"You know that a claimant must exhaust administrative remedies before filing a suit. But is an appeal 'optional' when the denial letter says that claimant 'may request a second level review'? ... And what's with 502(a)(3) breach of fiduciary claims anyway?" [Benson v. Tiffany and Company SPD, No. 20-1289 (S.D.N.Y. May 10, 2021)]  MORE >>

Lane Powell PC

Employee Benefits Trends for 2021's 'Next Normal'

"[These] pandemic-prompted trends will play a big part in how employee benefits evolve: [1] Increased focus on employee financial health ... [2] Demand for more benefits options ... [3] Technology is at the center."  MORE >>

Voya

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Prevailing Wage Plan Contributions Treated as QNECs

"I'm relatively new to prevailing wage plans. My understanding is that a prevailing wage contribution is treated as a non-elective contribution, so it's included in the gateway and it counts towards top heavy. In this particular situation, the prevailing wage contribution has no eligibility or allocation requirements and it's immediately and fully vested. The ADP test is failing, so to what extent, if any, can the prevailing wage contribution be treated as a QNEC and be included in the ADP test?"

BenefitsLink Message Boards

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Jackson Lewis Launches ERISA Litigation Blog

Jackson Lewis LLP

Willis Towers Watson Appoints Peter Gundy to Its Rewards Business

Willis Towers Watson

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Retirement Committee Field Guide: The Basics of Retirement Committee Organization and Operation, Part 3

RECORDED

Mintz

Unexpected Delight - Delivering Benefits That People Love

June 15, 2021 in TX

Worldwide Employee Benefits Network [WEB] - Dallas Chapter

Preparing Your Workforce for Retirement

June 23, 2021 WEBCAST

New England Employee Benefits Council [NEEBC]

2021 ERISA Litigation: Recent Cases, Assessing Fiduciary Risks, Strategies for Counsel

July 21, 2021 WEBCAST

Strafford

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Withdrawing 401(k) Funds After Retirement Is Not the Problem: Here's What Is

Pension Consultants, Inc.

Considerations for Corporate DB Plan Sponsors After ARPA

Milliman

What's Included When a Participant Requests Plan Documents?

Retirement Learning Center, LLC