Jerry Geisel

Tax Bill Will Reduce 401(k) Taxes, Ease Fund Transfers

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.

PBGC Deficit Hits Record $34 billion in 2012 Fiscal Year

The deficit in the PBGC's insurance program for single-employer plans climbed to $29.1 billion in fiscal 2012, up from $23.3 billion the previous year. The deficit in the agency's insurance program that covers multiemployer pension plans climbed to about $5.2 billion, up from $2.8 billion the previous year.

Lack of Health Care Reform Guidance Hampers State Lawmakers: Letter

For employers, final regulatory guidance has yet to come in a number of areas, including whether employers will be assessed a penalty of $2,000 per full-time employee if they do not offer coverage to all full-time employees, and how much they will have to pay to fund a three-year health care reform law program that will partially reimburse health insurers writing policies for individuals with high health care costs.

Group Health Care Spending Up in 2011: Analysis

For those covered by employer plans, spending on health care services increased by 4.6 percent to $4,547 per plan enrollee. By contrast, in 2010, costs rose an average of 3.8 percent, according to the Health Care Cost Institute, an independent Washington-based health research organization.

Certain Health Care Reform Provisions Should Be Kept: Romney

Mitt Romney says that while he would seek to repeal the health care reform law if he were elected, he could keep the provision that bans health care plans from denying coverage of pre-existing medical conditions and perhaps even expand a provision that requires health care plans to provide coverage of employees' adult children up to age 26.