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Retirement/Pensions

Law Firm Ordered to Restore Retirement, Pension Plan Assets

January 23, 2013
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Eichholz Law Firm P.C. and former Managing Partner Benjamin Eichholz breached their fiduciary responsibilities under the Employee Retirement Income Security Act by improperly transferring and lending plan assets to prohibited recipients.
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Employers Taking Charge of Their Retirement Plans

January 23, 2013
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New federal rules released last year made clear that defined contribution plan sponsors needed to get a better handle on investment and other provider fees. A new survey shows that they have.
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Experts Offer a 2013 To-Do List for Retirement-Plan Sponsors

January 23, 2013
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Revisiting the company's investment plan statement should be the first order of business, and then start building your paper trail to ward off IRS inquiries.
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NHL Players Score New Pension Plan

January 23, 2013
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The defined contribution plans, created during the last league lockout in 2005, will be restructured into voluntary contribution plans and neither plan will be terminated.
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No-Strings-Attached Roth 401(k) Conversion Is Good Deal—for Select Few

January 4, 2013
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Until now, to make such a distribution without incurring a 10 percent penalty, workers must either have been retiring, terminating their job with their employer or turning 59½. But under the new law, employees can move their traditional 401(k) to a Roth version of the account without those events and without the penalty.
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Tax Bill Will Reduce 401(k) Taxes, Ease Fund Transfers

January 2, 2013
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A provision tucked into the American Taxpayer Relief Act will expand the opportunities for employees to transfer funds from traditional 401(k) plans to Roth 401(k)s. Employees who are in lower tax brackets now compared with when they retire will reap big tax savings from such transfers.
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Lockheed Martin Offers Lump-Sum Option to Some Former Employees

December 17, 2012
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When participants take lump sums and move out of a pension plan, employers can reduce certain fixed costs, such as the payment of sharply rising premiums to the Pension Benefit Guaranty Corp.
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The 401(k) Consolidation Conundrum

December 17, 2012
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Consolidating retirement accounts is typically a worker's responsibility, but employers can offer guidance to make the process easier.
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Pension Envy for Employees Not On the Government's Dime

December 7, 2012
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A recent analysis by Hearts & Wallets of individuals who are near or in retirement showed that those with a public pension are happier in retirement and have higher income than those who don't have a defined-benefit plan.
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Year-End Pension Funding Gaps Could be Largest on Record: Mercer

December 7, 2012
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The aggregate funding deficit in pension plans sponsored by S&P 1500 employers narrowed to $607 billion in November, down $12 billion from the $619 billion deficit recorded in October.
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