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ABC News on 401(k) Fee Disclosure

"ABC News ran a segment on the ABC Evening News about the fee disclosure regulations for 401(k) plans which take effect July 1, 2012. The segment was titled '401(k) Hidden Fees' and contains an example of the impact 0.5% fees have on a typical couple's 401(k) account balance compared to the impact of 1.5% in fees. Phyllis Borzi of the Dept. of Labor appears in the video."

ABC News/Kaiser Family Foundation/USA Today Health Care in America 2006 Survey (PDF)

Excerpt: This poll examines Americans' views and experiences related to health care costs and quality, as well as their attitudes toward possible policy solutions. The results are featured in a series of reports on ABC News programs, ABCNews.com, and in USA Today during the week of Oct. 15, 2006.

IRS Retirement News for Employers, Summer 2009 (PDF)

14 pages. Articles include '2009 RMDs from Defined Benefit Plans?', 'ABCs of Loans and Hardship Distributions', 'Correcting a Failure to Implement the Plan's Automatic Enrollment Provisions', 'SIMPLE IRA Plans: The 2-Year Rule on Early Distributions', 'New on the Web', and '7 Steps to Making a Hardship Distribution.

Taxing Health Benefits Lacking Hill Support

Excerpt: [Senators] continue to look for new ways to pay for their reform bills, due to lack of public support for an employer benefits tax, CNN reports: 'A recent New York Times/CBS News poll showed only 20 percent of respondents support the tax and a Washington Post/ABC News poll found 70 percent opposed it. A Kaiser Family Foundation poll found 54 percent of respondents oppose the new tax' (7/7). Instead, Democrats are focusing on taxing the wealthy to pay for reform, The Wall Street Journal reports: 'Senate negotiators are considering a wider range of ways to pay for expanding health coverage, including President Barack Obama's proposal to limit tax deductions for the wealthy and another proposal to impose an income surtax on the wealthy, people familiar with the matter said' (Hitt and Adamy, 7/8).

Pension Funds Report Millions in Losses Amid Silicon Valley Bank Collapse

"An Ohio public pension fund for teachers revealed it lost millions by holding more than $27 million in Silicon Valley Bank shares before the bank's collapse. The State Teachers Retirement System (STRS) of Ohio stated that the shares represented a minuscule portion of its overall holdings -- .03% of the total fund -- which held over $88.8 billion in assets as of June 2022."

Puerto Rico Goes to Court Over Failing Public Pension System

"Puerto Rico is seeking help from federal court to restructure the debt of the U.S. territory's public pension system, which is projected to run out of money this year. Gov. Ricardo Rossello said late Sunday that the government has been unable to reach a deal with creditors to whom it owes some $3 billion.... Rossello said retired workers will still receive their pensions, and that the government will dip into its general fund once the pension system itself runs out of money."

UnitedHealth's Profit Surges But ACA Sales Drag

"UnitedHealth's second-quarter earnings jumped 11 percent to trump expectations even though the nation's largest health insurer took a bigger hit than expected from coverage linked to the [ACA]. The Minnetonka, Minnesota, company said Tuesday that losses from its ACA-compliant individual business came in $200 million above projections, which means the company now expects to lose around $850 million this year from what is essentially a small slice of its total operation."

Employers with Self-Funded Health Plans Dispute Administration's Application of ACA Nondiscrimination Provisions

"The latest dispute over the health care law may have to be resolved by the courts. The law's nondiscrimination section applies federal civil rights protections to programs under the health overhaul. The legal text refers to entities 'receiving federal financial assistance,' interpreted to include insurers, state Medicaid agencies, hospitals and other service providers. It doesn't mention major private employers that run their own health plans. A group representing big employers said its members don't have particular qualms about gender transition. But large employers do object to what they see as an overreach by the Obama administration, since their health plans don't get federal financial assistance."

Six States Sue Obama Administration Over ACA Health Insurance Providers Fee

"The complaint that Texas, Wisconsin, Kansas, Louisiana, Indiana and Nebraska filed in the Northern District of Texas takes issue with the Health Insurance Providers Fee assessed to health insurers to cover federal subsidies.... The suit seeks an injunction against the federal rules that say states are responsible for the fee. It also asks that states be refunded for what they've already paid."

House Votes to Give Former Presidents a Pension Cut

"The House has approved a measure to curb the taxpayer-funded benefits former presidents receive each year after leaving the White House in order to tamp down on benefits afforded to those who make a considerable salary in the private sector. The bill ... would limit yearly presidential pensions to $200,000 -- slightly less than they're allowed now -- but would cut that amount by a dollar for every dollar they earn over $400,000 a year in the private sector."