Union may indemnify employer for withdrawal liability owed to multiemployer plan

A provision in a collective bargaining agreement requiring a union to indemnify an employer for withdrawal liability owed to a multiemployer plan does not violate public policy and is enforceable against the union, the U.S. Court of Appeals in Cincinnati (CA-6) has ruled. Indemnification provision A CBA required a union to indemnify the employer for […]

Spencer’s Benefits Reports NetNews – June 1, 2012

About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer […]

Nearly Half Of High-Net Baby Boomers Scared Of Health Care Costs In Retirement

from Spencer’s Benefits Reports: Nearly half of soon-to-be retired, high-net-worth Americans (those with more than $250,000 in household assets) said that they are scared of health care costs during retirement, and nearly three in four said that the growing cost of health care is among their top retirement fears, according a recent survey from Nationwide […]

Younger workers more likely to prefer guaranteed income in retirement, survey says

A new study from The Hartford Financial Services Group shows that while many American workers find it appealing to have a guaranteed income in retirement, the younger the employee, the greater the attraction. The Hartford’s Guaranteed Retirement Income study surveyed 2,500 Americans ages 18 and older. “Our research shows that Americans, regardless of age, want […]

Blacks and Hispanics more likely to take loans and hardship withdrawals from 401(k) plans, Vanguard finds

Blacks and Hispanics are more likely to take loans and hardship withdrawals from their 401(k) plan accounts than whites and Asians, according to a study by Vanguard. At the same time, blacks and Hispanics borrow only slightly more of their retirement account balance, so members of all four groups put roughly the same amount of […]

IRS provides guidance to plan sponsors that missed April 30 deadline for adopting pre-approved DB plans

The IRS has posted guidance to plan sponsors who have pre-approved defined benefit (DB) plans that missed the April 30, 2012 deadline for signing their restated plan, approved for EGTRRA. Plan sponsors who have pre-approved DB plans were generally required to sign and date their restated plan, approved for changes made by the Economic Growth […]

Pension & Benefits NetNews – May 29, 2012

NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer Service Home Page Products & Training News & Information About Links in this Newsletter To access the IntelliConnect™ full text documents you must be a subscriber to the Pension Plan Guide or Employment Benefits Management. Links within […]

EBSA clarifies application of fee disclosure requirements

The Employee Benefits Security Administration (EBSA) has issued guidance on the application of the fee disclosure regulations under ERISA §404(a) and §408(b)(2). The guidance, issued in the form of a Field Assistance Bulletin, addresses the calculation of the quarterly disclosure of revenue sharing, the reporting of fees under brokerage windows, the treatment of investment management […]

Spencer’s Benefits Reports NetNews – May 25, 2012

About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer […]

Pension & Benefits NetNews – May 22, 2012

NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer Service Home Page Products & Training News & Information About Links in this Newsletter To access the IntelliConnect™ full text documents you must be a subscriber to the Pension Plan Guide or Employment Benefits Management. Links within […]