Retirement

Mercer had already put a 3 percent drop in funded status among the plans of S&P 1500 companies down to Brexit, and Millimans latest pension funding index chalked up that $46 billion drop primarily to a $54 billion increase in pension liabilities.

Beginning in 2017, the Department of Labor will adjust the new ERISA Title I penalty amounts annually for inflation no later than Jan. 15.

Almost a third of plan sponsors indicated that their retirement plans were audited by the IRS or Department of Labor, says Willis Towers Watson.

Sometimes we talk up the power of saving early and compounding so much we unintentionally discourage those nearing retirement.

Thanks to Brexit, the estimated aggregate funding level of pension plans sponsored by S&P 1500 companies dropped by 3 percent.

An excessive fee case that drew the attention of ERISA legal experts and retirement policy advocates has been dropped.