"At least weekly, I see a headline about pension plan ‘de-risking.’ Generally, I don’t deal directly with pension plans. Can pension de-risking impact my practice and, if so, what are its potential effects?"
"My client elected a lump sum payment from his traditional defined benefit plan, but received a letter telling him he could not take a lump sum payment because he was a “restricted employee.” The plan says lump sums are available. Could you explain what this means and provide options for him?”
Unsure of when to suggest that clients use the Department of Labor’s (DOL’s) Voluntary Fiduciary Correction Program (VFCP) to correct plan errors? In this Case of the Week, we'll answer that question.
