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Finance/Taxes

Clients Kind of Blue Over IBM's 401(k) Surprise

December 11, 2012
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Starting next year, Big Blue's match will be contributed as a lump sum on Dec. 31.
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American Pilots Accept Contract With Pension Freeze Provision

December 7, 2012
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The pilots' approval clears the way for parent company AMR Corp., Fort Worth, Texas, to continue its Chapter 11 bankruptcy proceedings. The pension proposal is contingent on the resolution of the bankruptcy proceedings.
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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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Fiscal Cliff Talks Target Retirement Plans

December 3, 2012
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Retirement plans are in congressional crosshairs for one basic reason: the tax-deductible contributions made to the plans cost the government tens of billions of dollars a year in reduced tax revenues.
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HHS Details Fees to Be Paid, Provides Guidance for Transitional Reinsurance Program

November 30, 2012
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Much of the $25 billion in assessments—to be paid annually over a three-year period—will be used to partially reimburse commercial insurers writing policies for individuals with high health care costs.
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401(k) Plan Balances Hit Record High for 2012: Fidelity

November 8, 2012
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For the three-month period ending Sept. 30, employees' average account balances jumped 4.2 percent from the prior quarter, and 18 percent compared with the end of the third quarter of 2011 when account balances averaged $64,300, according to Fidelity Investments.
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Monster Plans Restructuring, China Sale

November 8, 2012
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Monster announced the restructuring Nov. 8 as it also reported third-quarter results with third-quarter revenue of $221.7 million, down 10.8 from $248.6 million in the same quarter last year.
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Mercer Analysis Explores Funded Status of Pension Plans in Several Countries

October 31, 2012
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In the United States, plans sponsored by employers in the S&P 1500 were on average 73 percent funded as of Sept. 30, down from 75 percent as of Dec. 31, while funding for plans sponsored by Canadian employers in the S&P/TSX fell to 83 percent, down from 87 percent as of the end of 2011.
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401(k) Plan Contribution, Other Retirement Plan Limits Upped for 2013

October 18, 2012
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The maximum contribution that can be made to 401(k) plans will increase next year, as will the maximum benefit that can be funded through defined benefit plans, the Internal Revenue Service announced Oct. 18.
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The One Question I Would Ask Paul Ryan During the Debates

October 1, 2012
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With this election cycle's debates on the horizon, I'll be providing the one question I would ask each of the two presidential and two vice presidential candidates.
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