Vanguard is expanding the availability of its low-cost 401(k) plan service for small and mid-size businesses to plan sponsors who work with third party administrators.
Companies considering a cash-out of their pension plans should not only define the goals and objectives of the program, but also think about any potential pitfalls that could arise and interfere with the success of the program.
Verizon Communications Inc. management retirees can move ahead with a class-action lawsuit stemming from the companys decision to sell its pension liabilities to Prudential Insurance Co. of America.