...Cash Balance Plan Compliance with Back-Loading Requirements -
The rate at which a participant accrues benefits under a defined benefit pension plan must satisfy certain rules designed to ensure that the participant has...more
One recent line of ERISA litigation involves the actuarial equivalence factors used by defined benefit pension plans. The lawsuits apply both to active defined benefit pension plans and pension plans that have been “frozen”...more
The distressed financial condition of many multiemployer pension plans has been well-chronicled. Some employers have direct exposure to multiemployer pension plans as a result of union contracts requiring employer...more
The American Rescue Plan Act of 2021 (the “ARPA”), which President Biden is expected to sign, provides additional funding relief to sponsors of single-employer defined benefit pension plans.
Valuation of Plan Benefit...more
The American Rescue Plan Act of 2021 (the “ARPA”), which President Biden is expected to sign this week, includes a handful of provisions affecting employee benefit plans and publicly-traded companies’ tax deductions for...more
In a little more than 35 years, 401(k) plans have become the dominant employer-sponsored retirement plan.
401(k) plans place the investment risk and reward squarely on the participant. The employee’s ultimate benefit is...more