How to set up a retirement plan for you and your employees

On: February 19, 2021

Reprocessing puzzle solved. Getty Most people who work for companies can set aside money through a 401(k) or equivalent program. But if you’re retired or a business owner, you can also put a plan in place. Bruce Bell, attorney in the Chicago office of Schoenberg Finkel Beederman Bell Cooler, showsRead More →

Disclosure Required: Lifetime Income Estimates on Defined Contribution Benefit Statements | McDermott Will & Emery

By: Randy L. Ladd

On: February 8, 2021

In: Contribution plan

With: 0 Comments

The US Department of Labor (DOL) has unveiled an interim final rule (the “Lifetime Income Disclosure Rule”) that adds a new lifetime income disclosure requirement for administrators of defined contribution plans (for example, plans covered by Section 401 of the Internal Revenue Code (Code) (k) or Section 403 (b) ofRead More →

February 2021