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.
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.