"For the first time, the Proposed Rule explicitly permits a multiemployer plan actuary to use any of the three approaches ... to calculate withdrawal liability under ERISA Section 4213(a)(2), without regard to the requirements of ERISA Section 4213(a)(1). It is also important to note that the Proposed Rule does not mandate the use of any particular interest rate assumption, and a plan actuary can still use his or her best estimate under ERISA Section 4213(a)(2)."  MORE >>

"The current rate of inflation has served to increase most of the rates substantially. The limits that increased for 2023 are [indicated in this chart], and include, for the first time in several years, the catch-up contribution limit."  MORE >>

"The hourly fee awarded to plaintiff's counsel is reasonably commensurate with the hourly rates of much of the ERISA defense and compliance bar.... The Court unequivocally recognizes remand to the plan administrator as sufficient relief to warrant a substantial fee award.... [This decision] reflects a reasoned and conservative approach to reduction of the hours claimed by plaintiff's counsel." [Holt v. Raytheon, No. 20-11244 (D. Mass. Oct. 11, 2022)]  MORE >>

"[T]his decision is a reminder to plan sponsors who offer such products in their menu of investment options to make sure at the outset that all direct and indirect compensation paid to fund managers is reasonable and in the best interests of participants." [Rozo v. Principal Life Ins. Co., No. 21-2026 (8th Cir. Sep. 2, 2022)]  MORE >>

Page includes a link to a printable card listing limits for 2021-2023.  MORE >>

"For plan sponsors considering an in-plan retirement income option, defined contribution plan consultants are most likely (68%) to recommend target-date funds with a guaranteed income component ... 82% of asset managers agree that annuity products have a negative stigma because of cost, complexity, and/or limits on liquidity."  MORE >>

"Terminating a defined contribution plan is not difficult, but it does require certain specific steps and considerations.... Step 1: Officially terminating the plan ... Step 2: Plan operation following termination of the plan ... Step 3: Distributing the plan assets."  MORE >>

"[W]hat is the employer's objective? ... How do I determine the right retirement program for my small business? ... How do I select the retirement services team? ... What should we expect regarding costs to offer a retirement program? ... Are there any start-up tax credits available? ... Who can help meet the fiduciary obligations? ... What compliance issues impact small employer plans? ... Is there a way to avoid the compliance testing?'

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"Very poor market performance during September 2022 lowered the estimated funded status of the 100 largest U.S. public pension plans from 75.0% as of August 31, 2022, to 69.3% as of September 30, 2022 ... The deficit between the estimated assets and liabilities rose during September, from $1.467 trillion at the beginning of the month to $1.808 trillion at the end of the month."  MORE >>

Charts detail 2023 limits for retirement and health & welfare plans.  MORE >>