As interest rates rise and bond prices fall, companies are evaluating the effects on all aspects of their business—from their lines of credit to their pension plans. And although the drop in bond prices has lowered the value of assets in pension plans, the latest “Russell LDI update” points out that rising interest rates have had the opposite effect on plan liabilities. According to Bob Collie, chief research strategist for Americas international with Russell Investments, the reduction in liabilities has improved pension plans’ funded ratios, but some companies may have been too focused on the fall in asset values to notice the improvement.
Insurer says it will boost its 401(k) match from 50% to 100% of the first 4% employees defer.
Kansas City, Missouri-based Spencer Fane added two business litigators to its Dallas office, including new office managing partner Jason Cross.
Companies argue that federal and most state exchanges havent followed the rules set out in the statute and regulations and therefore cant levy fines.
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