DOL Retirement Plan Noncompliance Fines up 33%
"Most employers and employees don't realize that serious violations can cause a 401(k) or pension plan to lose its tax-qualified status," a plan expert warns.
Will U.S. Kick 401(k) Subsidies Off Cliff?
At a time of nearly desperate negotiations to find savings needed to avert the fiscal cliff, ending the taxpayer subsidy–to the tune of $100 billion–of retirement savings accounts seems to many to be a no-brainer.
To Avoid Fiscal Cliff, 401(k) Plans May Fall Off Deep End
Advisor Brett Goldstein says possible deals to cap contributions could shutter plans, hurt low-income employees particularly and see contributions plunge up to 65%.
If Volatile Markets Persist, Pension Funds May Flee to Bonds
If markets continue to be volatile post S&P's downgrade of U.S. debt to Double-A+, pension funds will attempt to “minimize their losses and buy bonds,” says Brett Goldstein, president of The Pension Department.
New IRS Cash Balance Plan Regulations May Prevent Full Pension Distributions
One pension consultant is warning that new regulations by the IRS regarding hybrid pension plans, also called cash balance plans, may prevent full pension distributions to retirees and other employees.