Benefits Magazine: November/December 2024
Articles Include:
- Where Student Debt Meets the 401(k)—SECURE 2.0 Gives Employers a New Option
- Take the “Hard” Out of Hardship Distributions With a Substantiation Policy
- Is an Arbitration Provision Right for Your Plan?
- Adverse Benefit Determinations: The Process and the Pitfalls
- Protecting Your Defined Benefit Pension Plan From Inflation
- Quick Look
- Legal & Legislative Reporter
-secure-2-0-gives-employers-a-new-option.jpg "Where Student Debt Meets the 401(k)—SECURE 2.0 Gives Employers a New Option")
Additional Articles
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Take the “Hard” Out of Hardship Distributions With a Substantiation Policy
Martha Mohs
Recent legislation has relaxed the requirements for taking hardship distributions from defined contribution (DC) retirement plans, but some plan sponsors are hesitant to follow suit. Adopting a substantiation policy for these distributions can help minimize risks to the plan. -
Is an Arbitration Provision Right for Your Plan?
Bailey G. Leo and Paul E. Stoehr, CEBS
Arbitrating employee benefit plan disputes can be a cheaper and more efficient alternative to litigating them in the courts, but arbitration provisions may not be a fit for every plan. Recent court decisions are among the factors to consider when evaluating whether to adopt, maintain, amend or remove an arbitration provision. -
Adverse Benefit Determinations: The Process and the Pitfalls
Travis J. Ketterman, GBA
Ensuring that claims procedures fulfill statutory requirements is an important part of minimizing legal challenges for employee benefit plans. In the second of two articles, the author describes the appeals process following an adverse benefit determination. The first article discussed the legal framework for claims procedures as well as timing and other requirements for benefit claim determinations. -
Protecting Your Defined Benefit Pension Plan From Inflation
Ted Benedict, Christian Benjaminson and Karen Zangara
High inflation may increase costs for defined benefit (DB) pension plans and potentially affect their funding status. The authors review how inflation impacts multiemployer and public DB plans and offer strategies for mitigating inflation risks.
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