Powers of attorney (POA) can be tricky for employee benefit plan administrators. As plan sponsors and administrators, you are the plan’s fiduciaries ultimately responsible for determining the validity of a POA.
Pension plan sponsors may have a new tool available to use in de-risking their pension plans – paying lump sums to retirees currently in payment status.
The DOL and IRS periodically publish lists of the most common compliance issues they find when reviewing retirement plans. Check out the list and be proactive to avoid added costs and liabilities down the road.
Before your start down the pension plan termination process, check out these frequently asked questions focused on cash flow, data readiness, and project and communications planning. Keep in mind that all plans with more than 300 members are audited by the PBGC.
Defined benefit plan sponsors have a few things to consider before deciding whether to transfer some of their pension risk to an annuity provider. Published in Plan Sponsor, under Free Membership, click Subscribe Now to read this article.
Learn how to ensure that your financial well-being program engages your employees and realizes short- and long-term benefits to your organization. Plan Sponsor article, free subscription may be required.
Learn the benefits of regular experience analysis to identify emerging trends among plan participants, plan investment performance, and the current economic environment.
Taking an integrated approach to managing your plan’s assets and liabilities best protects the funded status. Liability-driven investing (LDI) and a dynamic investment policy can minimize both discount rate risk and equity risk. Plan Sponsor article, free subscription may be required.
Regardless if your organization is a new or mature ESOP, it’s never too late to assess the culture and communications to determine if there’s opportunity for improvement.
Findley Focus is published by Findley to provide general information about recent developments and current topics in employee benefits and HR. The information provided is a summary and should not be relied upon in lieu of the full text of a particular law, regulation, notice, opinion, legislative proposal or other pertinent information, and the advice of your legal counsel. Findley does not practice law or accounting, and this publication is not legal or tax advice. Legal issues should be discussed with your legal counsel.
