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Posts from the ‘Businesses’ category

Better Never than Late: Late Retirement Windfall Lays Trap for Plan Sponsors



Since 1974, ERISA has dictated that the normal retirement date (NRD) for single employer defined benefit (DB) plans be no later than age 65. (I don’t want to say this rule is old, but the original draft defined it as “Age LXV”.)  Back then, much more focus was placed on early retirement…

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If you aren’t the lead dog the view never changes



The 58th Annual Plan Sponsor Council of America (PSCA) survey shows that the Principal Financial Group® recordkeeps more Employee Stock Ownership Plans (ESOPs) than any other company in the country.  Given this leading position, I am frequently asked how we view the future of the plans. This is a…

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