Reading Lounge, Reading Lounge Subscribers, RetirementCulture, RetirementCulture Subscriber
While this Congress has been doing nothing (just like every other Congress) both parties did manage to propose changes to retirement plans. Surprisingly some of the points proposed (not all) are pretty good. Since there is so much negativity around politics, let’s...
RetirementCulture Subscriber
On October 27, 2016, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017. Highlights of Limitations That Remain Unchanged From 2016 ◦The contribution...
RetirementCulture Subscriber
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RetirementCulture Subscriber
The U.S. Department of Labor (DOL) has secured a judgment against San Francisco-based California Pacific Bank and four individual fiduciaries, requiring them to pay $866,840 in retirement benefits, plus interest, to employees who participated in the company’s stock...
RetirementCulture Subscriber
Every 401(k) plan must have at least one named fiduciary, who has the responsibility of administering the plan and selecting investment options. For most plans, the plan sponsor serves that role, however the named fiduciary role can be outsourced. A Named Fiduciary...
RetirementCulture Subscriber
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