"Digital Form 15315, Annual Certification for Multiemployer Defined Benefit Plans: The IRS Employee Plans recently digitalized Form 15315 to allow you to electronically report the actuarial certification of a multiemployer defined benefit plan's funding status. The Mobile Friendly Forms webpage has a glitch that won't allow you to enter a date beyond December 31, 2025, or plan numbers beginning with 0; for example, 002. Alert: The IRS is now accepting Form 15315 certifications by mail, fax or email."  MORE >>

"The court acknowledged the PBGC's concerns about administrative challenges and potential increased eligibility beyond [CBO] estimates. However, it reiterated that it must interpret the statute as enacted by Congress, which did not include a per se exclusion for terminated plans. The court also noted that Congress explicitly excluded terminated plans in another part of the SFA eligibility section (29 U.S.C. Section 1432(b)(1)(D)), suggesting that its absence in Section 1432(b)(1)(A) was intentional." [Bd. of Trustees of the Bakery Drivers Local 550 and Industry Pension Fund v. PBGC, No. 23-7868 (2d Cir. Apr. 29, 2025)]  MORE >>

"To calculate the employers' withdrawal liability, ... the Fund used the 2019 contribution rate because it was the 'highest contribution rate' in the last 10 years. The employers objected that the Fund should have used the lower 2014 rate because the MPRA excluded post-2014 contribution rate increases required by a rehabilitation plan.... The Seventh Circuit, applying the plain language of the statute, agreed with the employers." [Event Media Inc. v. Central States, Southeast and Southwest Areas Pension Fund, Nos. 24-1739, 24-1740, 24-1741, 24-1742 (7th. Cir. Apr. 24, 2025)]  MORE >>

"Judge Craig Goldblatt of the Delaware Bankruptcy Court has been conducting a master class in the Yellow Corporation Chapter 11 case. His decisions illustrate how ERISA and Bankruptcy law may conflict but more often can be harmonized." [In re Yellow Corp., No. 23-11069 (Bankr. D. Del. Apr. 7, 2025)]   MORE >>

April 30 hearing. Video with opening statement from Chairman Rick Allen (R-GA) and testimony from witnesses: [1] Prof. Max M. Schanzenbach, Northwestern University Pritzker School of Law; [2] Mr. Charles Crain, National Association of Manufacturers; [3] Mr. Brandon Rees, American Federation of Labor and Congress Industrial Organizations; and [4] Mr. Ike Brannon, Capitol Policy Analytics.  MORE >>

"During March, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process climbed from 101.7% to 102.5% of a plan's accounting liabilities (accumulated benefit obligation, or ABO).... During the same time period, the average annuity purchase cost across all insurers in our index also rose from 104.3% to 104.7%. "  MORE >>

"[R]olling over a Roth 401(k) comes with a unique set of rules.... [1] Make sure the amount is eligible to be rolled over.... [2] Determine if your Roth 401(k) distribution is 'qualified'... [3] Know the impact of choosing direct rollover vs. Indirect rollover.... [4] Keep track of your taxable vs. nontaxable amount."  MORE >>

"This brochure is intended for individuals who recently retired or have retirement plans in their near future.... When retired, you may receive a Form SSA-1099 for social security benefits and/or a Form 1099-R for pension income. You will include these types of retirement income on your Form 1040, in addition to any other income you may have received during the tax year."  MORE >>

"Insurance companies taking on billion-dollar pension risk transfers are subject to 'robust and extensive' oversight, the American Council of Life Insurers wrote in a pair of court briefs ... in two ongoing PRT class-action lawsuits filed by former employees of Verizon and Allegheny Technologies [who] claim their former employers breached their fiduciary responsibilities by shifting pension obligations to a 'highly risky, private equity-controlled insurance company'[.]" [Schoen v. ATI, Inc., No. 24-1109 (W.D. Penn. complaint filed Aug. 2, 2024; ACLI amicus brief Apr. 21, 2025); Dempsey v. Verizon Comm. Inc., No. 24-10004 (S.D.N.Y. complaint filed Dec. 30, 2024; ACLI amicus brief Apr. 11, 2025)]  MORE >>

"Reviewing System and Organization Control (SOC) reports isn't just a compliance checkbox -- it's a vital risk management tool. A SOC report can offer an inside look at a provider's controls and the operating effectiveness of those controls, helping plan sponsors identify potential red flags."  MORE >>