Archives: Resources
SSA Potential Private Retirement Benefit Information Notices
What’s an SSA PPRBI notice? The Social Security Administration (SSA) might send you a Potential Private Retirement Benefit Information (PPRBI) notice after you apply for social security benefits. This notice is a reminder that you might be entitled to retirement benefits from a private employer if you left employment without taking your retirement benefits. The […]
Retirement Plan Information and Disclosures
Your Retirement Plan Information and Disclosures What They Are, Who Gets Them, and Why to Pay Attention to Them What Plan Information and Disclosures Must Be Provided Federal law requires that company retirement plans provide certain documents, notices, statements, and other information to plan participants, beneficiaries, and alternate payees. We previously outlined the most important […]
Protecting Your Retirement Account Against Cybersecurity Threats
Computer hacking, data breaches, cybercrime, financial scams – cybersecurity risks are everywhere, and your retirement account could be a target. Be vigilant about keeping your personal information secure and confidential to reduce the risk of identity theft. You can reduce the cybersecurity risk of fraud or loss to your retirement account by taking these precautions: […]
What You Need to Know about Auto Enrollment
New Auto-Enrollment Plans If you’re an employee of a company that first established a retirement plan at the end of 2022, chances are you’re covered by that retirement plan as result of auto enrollment. The law now says that if a business with at least 10 employees started up a 401(k) or 403(b) plan on […]
Schoen v. ATI Inc.
Piercy v. AT&T Inc.
Cunningham v. Cornell
The Pension Rights Center filed a friend of the court brief with the Supreme Court in Cunningham v. Cornell University. The plaintiffs in the case allege that two Cornell University retirement plans were paying unreasonable levels of compensation to the plan’s recordkeeper. The plaintiffs argued that payment of these fees violated two separate sections of […]
Dunne v. Elton Corporation
In the 1940s, Mary Dupont established a trust to pay pensions to the personal employees she, her children, and her future grandchildren, most of whom over the years informed their employees of the pension trust and their right to a pension. The trust, however, turned out not to be adequately funded and no additional contributions […]
Konya v. Lockheed Martin Corporation
Lockheed Martin made a business decision to have its pension plan transfer benefit liabilities to an insurance company. The Department of Labor in 1995 issued guidance on how fiduciaries should select an insurance company in such circumstances. The guidance was, in part, a response to the failure of Executive Life Insurance Company, a large insurance […]
Data on workers’ access to retirement plans and take up rates
Participation At any one time only half of workers participate in a retirement plan at work. This is, in part, because employers are not required to have retirement plans, and also because those who offer plans can limit retirement plan coverage to certain classes of workers. In addition, workers offered 401(k) and other retirement savings […]
Data on full time and part time workers
Participation of full and part-time workers, NCS, March 2023 Private industry only*. Percent by full and part-time status Access Participation Take-up Rate Full-time workers 79% 63% 79% Part-time workers 44% 22% 51% All workers (private industry and local government workers)** Percent by full and part-time status Access Participation Take-up Rate Full-time workers 82% 66% […]
Tips for Keeping Track of Your Pension: Additional Detail
This page is a supplement to the Keeping Track of Your Pensions fact sheet. Keep Records Pension plans have a duty under the law to maintain records about the pension plan and the individuals entitled to benefits from the plan. Workers should keep back-up records of their own in case there are mistakes in the […]
