logo logo

Retirement Plans Newsletter

August 31, 2022

6 New Job Opportunities 6 New Job Opportunities


Seventh Circuit Upholds Dismissal of ERISA Claims Alleging Mismanagement of Retirement Plan by Oshkosh Corporation

"[T]he court found that Albert's comparison of recordkeeping fees paid by nine random plans from around the country is not enough to support the excessive recordkeeping fees claim. There are no allegations as to the quality or type of recordkeeping services the comparator plans provided." [Albert v. Oshkosh Corp., No. 21-2789 (7th Cir. Aug. 29, 2022)]  MORE >>

Roberts Disability Law


SPARK Forum - November 6-8, 2022 -- The Breakers, Palm Beach, FL

3 days packed with actionable insights for advisors, recordkeepers and plan providers. Explore latest trends, strategies and ideas to lead through disruption. Join the retirement event with the most senior audience and network with purpose. Register Now.

Sponsored by SPARK

Eighth Circuit Holds ERISA Does Not Preempt State Law Claims Against Recipient of Deceased Participant's 401(k) Plan Benefits

"[This case] involves a scenario which occurs more often than it should: a couple divorces, they agree to waive their rights to the other's employer-provided benefits, and then one of them dies without having effectively removed the other as a beneficiary. Who gets the benefits?" [Gelschus v. Hogen, No. 21-3453 (8th Cir. Aug. 29, 2022)]  MORE >>

Roberts Disability Law

Plan Sponsor Activity and Engagement Set to Heighten

"93% of plan sponsors plan to make changes to their investment lineup -- including ESG. 47% of plan sponsors are considering changing advisors, hitting an all time high. 88% of plan sponsors anticipate making changes to plan design, the most active in years."  MORE >>


Plan Sponsors: Act Now to Link Student Loan Forgiveness and Retirement

"Plan sponsors have several tactics available to help provide workers with a clear understanding for how to best allocate the additional funds and connect student loan cancellation with retirement savings. And the federal student loan forgiveness program presents a window for plan sponsors to urge workers with student loan debt to boost their retirement plan contributions."  MORE >>

PLANSPONSOR; free registration may be required

What's in the New 401(k) Retirement Bills

"[Proposed] retirement bills would: [1] Increase the maximum annual contribution for retirement accounts by $4,000. [2] Increase the age when you must begin required minimum distributions. [3] Require automatic enrollment and escalation for employer-sponsored plans. [4] Increase the amount for the catch-up provision for those 50 and older. [5] Allow employers to help those who are burdened with student debt save for retirement."  MORE >>

U.S. News & World Report

How Pending Retirement Proposals Could Change the 'Small' Pension Cash-Out Limit

"Pending retirement proposals in both the House and the Senate would allow the statutory 'small' pension plan cash-out limit to increase to $6,000 or $7,000 from $5,000, where it has been since August 6, 1997.... The questions and answers [in this article] illustrate a few of the favorable and perhaps not-so-favorable outcomes that could result from the passing of these proposals."  MORE >>


PBGC Approves $28.3 Million in Special Financial Assistance for GWU Local 610 Plan

"[PBGC] has approved the application submitted to the [SFA] Program by the Gastronomical Workers Union Local 610 and Metropolitan Hotel Association Pension Fund (GWU Local 610 Plan). The plan, based in San Juan, Puerto Rico, covers 2,624 participants in the hospitality industry. The GWU Local 610 Plan became insolvent in June 2021.... The plan will receive $28.3 million in SFA, including interest to the expected date of payment to the plan."  MORE >>

Pension Benefit Guaranty Corporation [PBGC]


Top 401(k) Priorities on the DOL's Regulatory Agenda

"[1] The DOL's new fiduciary rule is expected to expand the ERISA definition of 'fiduciary' to include all 401(k) financial advisors -- like the 2016 rule -- while accounting for some more recent law changes.... [2] Improvements to the Form 5500 series ... [3] Improving participant engagement and effectiveness of ERISA retirement plan disclosures."  MORE >>

Employee Fiduciary

Employee Benefits Jobs

View job as Client Relationship Manager
          for AimPoint Pension Client Relationship Manager

AimPoint Pension


View job as Client Relationship Manager
          for AimPoint Pension

View job as ERISA Associate
          for Sherman & Howard ERISA Associate

Sherman & Howard

Denver CO

View job as ERISA Associate
          for Sherman & Howard

View job as Implementations Relationship Manager
          for Vestwell Implementations Relationship Manager


Remote / New York NY

View job as Implementations Relationship Manager
          for Vestwell

View job as ESOP Administrator
          for Blue Ridge ESOP Associates ESOP Administrator

Blue Ridge ESOP Associates


View job as ESOP Administrator
          for Blue Ridge ESOP Associates

View job as DC Plan Administrator 
          for Strategic Pension Services, LLC DC Plan Administrator

Strategic Pension Services, LLC

Remote / Albany NY

View job as DC Plan Administrator 
          for Strategic Pension Services, LLC

View job as Cash Balance Design Consultant / Actuary
          for Alerus Cash Balance Design Consultant / Actuary



View job as Cash Balance Design Consultant / Actuary
          for Alerus

Selected New Discussions

Vesting Schedule Moved from 100% to Graded When Solo 401(k) Amended to SH 401(k)

"Sole proprietor established a Solo 401k a few years ago. All was well because he had no employees. In February 2021, a FT employee was hired. Unfortunately the plan had both immediate eligibility and vesting in profit sharing contributions. In May 2021, the owner amended the plan to be a safe harbor 401k and added a vesting schedule for profit sharing contributions with an effective date of 1/1/2021. Since then, the sole full-time employee has severed employment. Is the former employee fully vested?"

BenefitsLink Message Boards

Press Releases

Goldman Sachs Completes Acquisition of NextCapital Group

Goldman Sachs Asset Management

HBL Strengthens C-Suite, Adds Law Office Manager to National ERISA and Employment Law Team

Hall Benefits Law

Wellbeats Earns Bronze Stevie® Award as HR Solution Provider of the Year


Webcasts and Conferences
(Retirement Plans / Executive Compensation)

A Primer on Stock Option Plans

September 7, 2022 WEBCAST

Foley & Lardner LLP

Demand Stays Strong for Cash Balance Plans

September 21, 2022 WEBCAST


Washington DC is Focused on Retirement Plans: What Retirement Professionals Need to Know about What’s Going On

September 22, 2022 in CA

Western Pension & Benefits Council

Last Issue's Most Popular Items

Should You Use the Roth Retirement Savings Option?

Forbes; subscription may be required

Comparing Defined Contribution Plan Designs

Retirement Management Services, LLC

CalSavers: Threshold Number of Employees Required for Coverage Will Drop to One

Murphy Austin

Unsubscribe  |   Change Email Address

Search Past Issues   |   Privacy Policy

Submit an Article   |   Contact Us   |   Advertise Here

Copyright 2021, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.

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

Links to web sites other than and are offered as a service to our readers. We are not involved in their production and are not responsible for their content.