IRS Issues How-To Guidance for Prorating Short Plan Years
WebMay 31, 2018 · The prorated short-year limit is $137,500—i.e., $275,000 x (6/12) = $137,500. The IRS also provides examples for initial short plan years and plan termination. The agency notes that the compensation limit is not prorated for employees who enter or leave the plan mid-year, provided the plan continues to use a measurement period of 12 …
Significant Benefit Increases Expected from Tentative UAW Deals
WebOct 30, 2023 · Improvements to Retirement Security. For current employees in the defined contribution plan, Ford and Stellantis offered to increase 401 (k) contributions to 9.5% of pay from 6.4%. For retirees on the defined benefit plan, the automakers agreed to a $5 credit per month for each year of service. Marick Masters, a professor of management at Wayne ...
Understanding PRT: A Checklist for Implementing a Pension
WebMar 7, 2022 · In the final session of the ISS Media 2022 Understanding PRT virtual conference, experts discussed how to execute a pension risk transfer transaction, providing detailed steps and a timeline on how plan sponsors can remove the risk from their balance sheets. Data cleanup takes the top spot on the checklist and is an underappreciated part …
2022 PLANADVISER Top Retirement Plan Advisers
WebThe 2022 PLANADVISER Top Retirement Plan Advisers listing is here! PLANADVISER is pleased to reveal the revamped PLANADVISER Top Retirement Plan Advisers listing, the next iteration of our longstanding Top 100 program. For many years, this designation had been awarded to the top 100 retirement plan advisers and teams based on quantitative ...
Managed Accounts Show Mass Potential, Need Better Benchmarking
WebOct 25, 2023 · The managed account world is, according to Cerulli’s research, at a strong point among plan advisers and consultants. More than half (52%) of consultant-intermediated DC plans offer managed accounts. Among that set, 5% use it as part of a dynamic qualified default investment alternative, which means a participant is …
Great-West Rebrands Retirement Businesses as Empower
WebOct 30, 2014 · Mar 20, 2014 – Great-West Lifeco Inc. announced plans to combine the retirement businesses of Putnam Investments and Great-West Financial. Apr 03, 2014 – Great-West reached an agreement to acquire the J.P. Morgan Retirement Plan Services ’ large-market recordkeeping business, which has $167 billion in plan assets across 200 …
ProCourse Fiduciary Advisors Acquired by MJ Insurance
WebAug 3, 2021 · In basic terms, MJ Insurance has acquired ProCourse, which was recognized as the PLANSPONSOR Retirement Plan Adviser Team of the Year in 2010, when it was still called the Prince Group. According to the firms, the acquisition will enable the delivery of a more holistic approach to financial wellness that is fully integrated with retirement plan ...
Epic Snags Recordkeeper Retirement Direct | PLANADVISER
WebAug 1, 2023 · Epic Retirement Plan Services, a subsidiary of NBT Bancorp Inc., announced Tuesday the acquisition of recordkeeper and third-party administrator Retirement Direct.. Epic RPS will add Retirement Direct’s more than $2 billion in assets under management and more than 500 retirement plans to its retirement practice that includes recordkeeping and …
Retirement Industry People Moves | PLANADVISER
WebJan 28, 2022 · Segal Announces Three New People Moves. Segal, an employee benefits and HR consulting firm, has some people moves to share. Jonathan Price, senior vice president, has been appointed the national retirement practice leader. In this role he oversees the corporate, multiemployer and public sector retirement practices.
2023 PLANADVISER Top Retirement Plan Advisers
WebPLANADVISER is pleased to reveal the 2023 PLANADVISER Top Retirement Plan Advisers. This prestigious designation recognizes the top retirement plan advisers in the industry based on quantitative measures. To be listed, advisers had to have a minimum requirement of 50 plan clients or retirement plan assets under advisement of $400 million …
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