Topic
defined contribution plans
65 published works
The Business of Benefits
The Illusory Benefit of the IRS’s Proposed Correction to the MEP “One Bad Apple” Rule
By Robert Toth
The proposed reg is welcome as a purely technical and structural matter. But the relief may be mostly illusory. The “bad apple” problem has always sounded worse than it is…
Employer Perspectives
Freedom and choice – not just for DC?
Five years ago the pensions world was rocked by George Osborne's Budget announcement: DC members would no longer be forced to buy annuities. Under his "freedom and choice" initiative, tax rules…
Employer Perspectives
Collective defined contribution schemes: a fresh alternative?
By Beverly Cox
The government has given the green light to a new form of defined contribution pension scheme. At least, it is new to the UK. "Collective defined contribution" ("CDC") schemes are…
Compensation & Benefits Blog
[Podcast]: Steps to Reduce Risk of Claims Associated With 401K Plans
In this episode of the Proskauer Benefits Brief, partner Myron D. Rumeld and associate Joseph Clark discuss participant-directed defined contribution (DC) plans and the lawsuits against the fiduciaries and service providers which are responsible…
Employee Benefits Blog
New IRS Guidance Allows Plan Sponsors to Use Forfeitures for Safe Harbor Contributions, QNECs and QMACs
By Lisa Loesel, Sarah L. Engle
Earlier this year, the IRS released proposed regulations which permit employers to use forfeitures to fund safe harbor contributions, QNECs and QMACs. Read the full article.
Pensions and Benefits
Further changes to triviality rules affecting DC and hybrid plans – not such a trivial issue?
New legislation has corrected an anomaly that has arisen in relation to trivial commutation rights for members of certain UK Defined Contribution (DC) and hybrid pension plans. Following changes made…
Pensions and Benefits
Urgent compliance point for UK occupational pension plans – action required by 5 July 2016
Whilst the impact of the Charges and Governance Regulations on defined contribution pension plans is widely understood, the inconsistent approach to DC AVCs within defined benefit plans has caused some…
Ireland's Pensions Law Blog
Pensions Authority Codes of Governance for Defined Contribution Pension Schemes
By Aoife Malone
As part of its remit, the Pensions Authority is responsible for the monitoring and supervision of, and the issuing of guidelines or guidance notes on, the operation of the Pensions…
Elder Law Prof Blog
Illinois Law Prof. Kaplan Offers “Boomer Guide” to Defined Contribution Plan Distributions
Prolific scholar Richard Kaplan, from Illinois Law, has a new article with a clever title. Here's a taste from the abstract for “What Now? A Boomer’s Baedeker for the Distribution Phase…
Wills, Trusts & Estates Prof Blog
Article On Baby Boomers And The Distribution Phase Of Defined Contribution Retirement Plans
Richard L. Kaplan (University of Illinois College of Law) recently published an article entitled, What Now? A Boomer’s Baedeker for the Distribution Phase of Defined Contribution Retirement Plans, University of…