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Risks to 401(k) accounts when a company closes

Federal law generally protects savings in workers’ retirement plans when a company files for bankruptcy protection or goes out of business. Yet, there may still be situations when employees lose

United statesUniversity of massachusettsNew yorkNorman steinColleen medillAnna marie taborStephen gawlikPlan sponsor council of americaPension action centerNew york timesLabor departmentDepartment of laborWagner law groupBed bath beyondUniversity of massachusetts school lawEmployee benefits security administration

Why some ex-workers at Bed Bath & Beyond face 401(k) losses

Why some ex-workers at Bed Bath & Beyond face 401(k) losses
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United statesNew yorkAnna marie taborNorman steinStephen gawlikColleen medillPension rights centerWagner law groupPension action centerUniversity of massachusetts school lawPlan sponsor council of americaUniversity of nebraska college lawBed bath beyondNew york timesLabor departmentEmployee benefits security administration

Why Some Ex-Workers at Bed Bath & Beyond Face 401(k) Losses

Federal law generally protects retirement savings when a company files for bankruptcy. But that’s not always the case.

United statesNew yorkMariac obrienStephen gawlikNorman steinAnna marie taborColleene medillWagner law groupEmployee benefits security administrationUniversity of massachusetts school lawBoston university school of lawNew york timesDepartment of laborPension action centerBed bath beyond incPension rights center

DOL Considers Changing Standards for Annuity Provider Selection

Interpretative Bulletin 95-1 could be in for an overhaul this year or next.

United statesEdward stoneDavid certnerMichael calabreseNorman steinHoward bardMariana gomez vockAmerican council of life insurersAdvisory councilNational retiree legislative networkPension rights centerDepartment of laborInterpretative bulletinEmployee retirement income securityAmerican councilLife insurers

Changes to Pension Risk Transfer Rules Might Be Coming | Chief Investment Officer

The ERISA Advisory Council met this week to discuss possible changes to IB 95-1, which outlines how fiduciaries should select an annuity provider.

United statesEdward stoneMariana gomez vockDavid certnerHoward bardMichael calabreseNorman steinNational retiree legislative networkAdvisory councilPension rights centerAmerican council of life insurersDepartment of laborInterpretative bulletinEmployee retirement income securityAmerican councilLife insurers