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Retirement Plans Newsletter

September 16, 2022

3 New Job Opportunities 3 New Job Opportunities


Forecast of 2023 Internal Revenue Code Retirement Plan Limits

"[The Milliman] final prediction is that for 2023: The compensation limit will increase to $330,000 ($25,000 more than in 2022). The highly compensated employee (HCE) dollar limit will increase to $150,000 ($15,000 more). The individual elective contributions limit will increase to $22,500 ($2,000 more). The sum of individual and employer contribution limits will increase to $66,000 ($5,000 more)."  MORE >>


Proprietary Funds Draw Another 401(k) Excessive Fee Suit

"A new suit claims that the decision to retain proprietary funds in the 401(k) was 'polluted by self-interest,' driven by a 'blind preference' and that 'defendants' favoritism' has led to the payment of excessive investment management fees." [Schissler v. Janus Henderson US (Holdings) Inc., No. 22-02326 (D. Colo. complaint filed Sep. 9, 2022)]  MORE >>

American Retirement Association [ARA]

Exceptional Usefulness and Quality icon Rising Interest Rates Present Lump Sum Opportunities for DB Plans

"Cashing out participants from the plan has several cost and risk mitigation advantages, including reducing PBGC premiums and shrinking the risk profile of the plan. Lower lump-sum values may present plan sponsors with opportunities to cash out more participants than in a typical year. Here are some opportunities to explore."  MORE >>


Segal Blend Explained

"This article discusses: [1] The origins of the Segal Blend; [2] The purpose of withdrawal liability; [3] What's blended in Segal Blend; [4] The impact of the Segal Blend; [5] Arbitration and litigation about the Segal Blend; [6] The future for the Segal Blend."  MORE >>


Tontines: The Latest Retirement Planning Craze

"The contracts originally designed to fund wars during medieval times are attracting serious attention from the financial planning and defined benefit community. With lower costs than annuities, less risk for issuers, and the potential for decades' worth of growing income, tontines may be coming to a benefit plan or brokerage near you."  MORE >>

Aaron Levitt, via

Optimal Retirement Age and a Suggested Lower Bound on the Interest Rate

"This paper generates a simple model to understand the interaction between current wealth, savings rate, interest rate and retirement age. The model also suggests a lower bound on the interest rate. The minimum interest rate at which Americans of median age with median wealth and median income, and retiring at the age of 67, turns out to be 10%."  MORE >>

Nalinaksha Bhattacharyya, via SSRN


How Should Courts Analyze Arbitration Clauses in ERISA Plans?

"In each instance -- contractual statutes of limitations, venue selection clauses and arbitration clauses -- courts have often approached the issue as though it were just another instance of private contracting and applied doctrinal approaches developed in the context of private contracts entered into at arm's length by the contracting counterparties. But to see the parties to an ERISA plan in that light requires imposing an extensive legal fiction."  MORE >>

Stephen Rosenberg, The Wagner Law Group

Benefits in General

Case Study: Using Customized Salary Data and Employee Benefits to Attract and Retain Talent

"Closing the gap between data and decisions is critical to building and delivering defensible and effective total rewards programs. Robust compensation and benefits data combined with experience, keen analysis, modern tools and a human touch all contribute to data, analysis and insights that are delivered quickly and accurately. And this is what equips HR teams with powerful insights that influence and inform top management decisions while attracting and retaining critical talent."  MORE >>

Willis Towers Watson

Employee Benefits Jobs

View job as Retirement Plan Administrative Specialist
            for Mueller Financial Services

Retirement Plan Administrative Specialist

Mueller Financial Services

Elgin IL / Chicago IL / Orland Park IL

View job as Retirement Plan Administrative Specialist for Mueller Financial Services

View job as Principal Benefits Expert
            for Mineral

Principal Benefits Expert


Remote / Portland OR

View job as Employee Benefits and Compensation Associate
            for Fox Rothschild LLP

Employee Benefits and Compensation Associate

Fox Rothschild LLP

MN / PA / TX

Selected New Discussions

Husband Has a Business and Wife Has a Business -- A Controlled Group?

"I just wanted to double-check if this would be considered a controlled group or not: Husband owns 100% of Company A. Wife owns 100% of Company B. The two businesses, while in the same industry, are completely unrelated and the spouses do not work or do business with each other. So would this be a controlled group through attribution or are they excluded?"

BenefitsLink Message Boards

Adopting Employer Has 106 Employees When Leaving PEO -- Plan Audit Required?

"An Adopting Employer left a PEO in 2021. For the 2021 Plan Year, there are 106 participants as on 1/1/2021. Does the Plan need a 5500 with audit for 2021, or can it file the 5500-SF under the 80/120 rule?"

BenefitsLink Message Boards

Refinancing Participant Loans to Extend Beyond 5 Years

"For participant loans that are being refinanced, can the maturity date go ever go past 5 years from the original loan?"

BenefitsLink Message Boards

Press Releases

EBRI Announces Upcoming Retirement of President and CEO Lori Lucas

EBRI [Employee Benefit Research Institute]

NCEO Launches the ESOP Finance Toolkit and Lender Directory

National Center for Employee Ownership [NCEO]

Webcasts and Conferences
(Retirement Plans / Executive Compensation)

Voluntary Fiduciary Correction Program Webinar

September 27, 2022 WEBCAST

Employee Benefits Security Administration [EBSA], U.S. Department of Labor

Last Issue's Most Popular Items

DOL Updates Guidance on Independence of Qualified Plan Accountants

The Wagner Law Group

Recent Amendment Extensions for Qualified Retirement Plans, 403(b) Plans and Individual Retirement Accounts

McDermott Will & Emery

Retirement Plan Correction Solution: Lassoing TPA Fee Changes

Ferenczy Benefits Law Center

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

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