Findley Perspective
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Terminating an Overfunded Pension Plan? Who Gets the Excess?
If an overfunded single employer pension (defined benefit) plan is terminating and its participants and beneficiaries are on track to receive full benefits, the plan sponsor will likely ask if the excess is theirs. In other words, will the surplus […]
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More Pension Lump Sum Cashout De-risking Activity Expected in 2019
Pension plan sponsors looking for significant cash savings and de-risking opportunities have another favorable environment to pull the participants’ lump sum cashout lever this year. But that lever includes several options and considerations. In 2019, the interest rate environment is […]
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Retirement Savings Opportunities for High Earning Owners and Professionals
Overview: For successful small businesses, a 401(k) plan combined with a cash balance plan can provide opportunities to: Build wealth and retirement savings for the owners/ professionals with much greater contributions than through a 401(k) plan alone Save on federal, […]
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The IRS Determination Letter Program Reopens (A Little) for More Business
If you sponsor a recently merged qualified retirement plan or an individually designed statutory hybrid plan, you may not be shut out from the IRS Determination Letter Program any longer. As you already know, a favorable determination letter on the […]
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Market Volatility Shows Importance of Pension Plan Termination Planning
Equity markets have rallied in early 2019 and the losses from December 2018 have all but been erased. Interest rates haven’t recovered to the November, 2018 high, but the funded status for most pension plans has rebounded. Findley’s April 2019 […]
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Do you need a pay strategy?
Have you ever wandered through dense, unfamiliar woods? You weave around trees, hop over streams, and climb over other obstacles until you no longer know where you are or how you got there. Confused, maybe even a bit afraid, your […]
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Using Compensation Management as a Tool to Recruit and Retain Top Talent
The U.S. had experienced a dramatic power shift in the workplace. It was a long, slow recovery, but the job market has turned a corner, presenting job seekers with multiple employment options. The month of February saw 7.1 million job […]
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Before You Say “Wellness Doesn’t Work,” Consider Best Practices
Does participation in a company’s wellness program lead to improved health behaviors and outcomes? A recent study provides insight, while leaving some questions unanswered. Earlier this week, the Journal of the American Medical Association (JAMA) published the findings from a […]
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EEOC Changes: Employer Actions to Consider
This is an update of a previous Findley article on the Equal Employment Opportunity Commission’s (EEOC) proposal to add W-2 income data and hours worked data to the EEO-1 Employer Information Report (EEO-1). In early March 2019, a federal judge […]
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Building Toward a Better Retirement: Choice Architecture and Plan Participants
Overwhelming. That’s normally the first response plan participants give as to why they didn’t start saving for retirement. HR professionals and retirement consultants have heard it before, “Too many options; too many decisions; I wasn’t sure what these words even meant.”
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