The possibility of a recession in Europe and slower growth in China has made investment managers less positive about the U.S. economy and corporate earnings.
Many plan sponsors get into trouble in their role as retirement plan fiduciaries because they make common mistakes that can get them in hot water, according to Ary Rosenbaum, an attorney in Garden City, New York, who specializes in ERISA issues.
New data from the Bureau of Labor Statistics shows that government employees were more likely to have access to a retirement plan at work than their civilian counterparts.
Legislation passed by Congress that changes how pension plan liabilities are calculated for funding purposes should translate into near-term relief for companies struggling with shortfalls, but wont eradicate long-term shortfalls.
With the first deadline for participant disclosures now a month-and-a-half away, plan sponsors need to do their homework, especially in light of fiduciary rules.
Pension Rights Center starts Illinois Pension Assistance Project to help Illinois residents receive expert advice about their pension plans or other employer-sponsored plans.