To no one’s surprise, the recent Kravitz Cash Balance Research Report indicates that the number of new Cash Balance plans increased 17% in 2016, outpacing the 3% growth of 401(k) plans. And also no surprise that 92% of the cash balance
National Benefit Services, Inc.
National Benefit Services, Inc. is an organization that provides services related to retirement plans, particularly focusing on pre-approved pension plans such as Defined Benefit and Cash Balance plans. Their publications primarily address compliance with Internal Revenue Code and IRS regulations, including required restatements of pension plans and legislative updates like the SECURE 2.0 Act. They offer guidance on plan administration, amendments, and operational checklists to help employers manage retirement plans effectively. Topics often include plan restatement deadlines, legislative impacts on retirement savings, transitioning between plan types (e.g., SIMPLE IRA to 401(k)), and strategies to improve plan success such as increasing deferral rates.
Latest from National Benefit Services, Inc. - Page 6
Red flags on Form 5500 alert Internal Revenue Service and Department of Labor to plan issues
Can you put your retirement plan on autopilot?
Timely reminder why an ERISA fidelity bond is necessary
Non-ERISA 403(b) plans must walk a fine line to avoid losing the ERISA exemption
Last month’s Supreme Court decision, Advocate Health Care Network v. Stapleton, upholding ERISA exemption for church-affiliated pension plans was a reminder that not all benefit plans are subject to ERISA. Indeed, non-profit employers who sponsor 403(b) plans can choose…
Pension Plan Procrastination Perils Proper Personal Planning
401(k) Plan Trustees: How Do You Monitor and Select Investments?
TIAA Lawsuit Puts the Spotlight on 403(b) Participant Loans
Participant loans from 401(k) plans have never been an employer favorite plan provision. (See Defined Contribution Plan Loans Can Be Expensive, @401k_TV). Now participant loans from 403(b) plans have come into focus.…
In the complicated world of ERISA, a Fiduciary Checklist can help
Checklists. Doctors use them. Engineers use them, Pilots use them. A checklist is a tool to manage complicated jobs. Atul Gawande, MD, author of best seller, The Checklist Manifesto: How to Get Things Right, puts it this way:
Checklists…