What is a target benefit plan? A target benefit plan is similar to a defined benefit (DB) plan in which contributions are based on projected retirement benefits. However, unlike a defined benefit plan, the distributions that participants in a target benefit plan receive at retirement are based on investment performance and are therefore not guaranteed. …

There was a time when, after 25 or 30 years of hard work for your employer, you could expect to be rewarded for your loyalty and hard work with a golden watch and a constant flow of checks throughout your retirement. . But times have changed and these regular checks, thanks to a defined benefit …

As Chisholm Public Schools and communities in Hennessey continue to mourn the loss of longtime Chisholm teacher John Matousek, several occasions are being planned to commemorate Matousek and benefit his family and selected charities. Matousek, who had been teaching math at Chisholm High School since 1997, died in a head-on collision involving a driver fleeing …

COLDWATER, Mich., Feb. 7, 2017 / PRNewswire / – Infinisource Benefit Services Announces the Addition of a Cloud-Based Solution, the POP / ERISA Document Generator for Brokers and Agents. It allows brokers to create and print full and complete Premium Only Plan and ERISA documents from an online portal. This new tool helps brokers keep …

Patrick Shanahan / University photography Gordon Barger, Cornell’s new Senior Director of Benefits Services and Administration. Gordon Barger, deputy director of human resources at the Metropolitan Museum of Art (MMA), was appointed senior director of benefits services and administration at Cornell in mid-December. Barger succeeded Paul Bursic, who retired from Cornell after leading Benefit Services …

CHARLOTTE, North Carolina – (COMMERCIAL THREAD) – AmWINS Group, Inc. (“AmWINS”), a global distributor of specialty insurance products and services, today announced the acquisition of Group Benefit Services, Inc. and GBS Payroll Plus, Inc. ( collectively, Group Benefit Services, or “GBS”), one of the largest and most respected third-party employee benefits administrators in the Mid-Atlantic …

Photo: Getty Images Designing a comprehensive benefits plan today can be like putting together a jigsaw puzzle. While traditional health insurance products provide the main elements, discounted benefit plans can be a cost effective way to round out the picture. The last few years have seen a steady growth of these regimes, which historically have …

Question: I have collected social security by direct deposit for years. This month, on my bank statement, instead of saying “Social Security Administration”, it says “Federal Benefit Credit”. The amount is the same, but I am worried that my account information is wrong or that I am receiving benefits from someone else or that this …