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Posts Tagged ‘Plan Sponsors’

This presentation features an overview of the Pension Protection Act of 2006 (PPA) and its impact on companies that sponsor defined benefit as well as defined contribution retirement plans. We examine the new rules for plans that are deemed to be under funded with respect to single and multi-employer defined benefit pension plans, as well as look at some new opportunities employers have with respect to 401-k and profit sharing plans. We look at the history of the Pension Benefit Guarantee Corporation (PBGC) and the dramatic shift in its financial situation between the years 2000-2005, as well as examine the new rules for calculating the premiums that employers who sponsor defined benefit plans must pay to the PBGC. Finally, we examine the Employee Retirement Security Act of 1974 and the permanence of certain provisions of the Economic Growth and Tax Reconciliation Relief Act of 2001 (EGTTRA). The final portion will also encompass new types of defined contribution plans and the fiduciary obligations of plan sponsors that sponsor these plans.