LEADER 05755nam 2200577 450 001 9910808528903321 005 20230814224313.0 010 $a1-5474-0035-8 010 $a1-5474-0029-3 024 7 $a10.1515/9781547400294 035 $a(CKB)4100000006520080 035 $a(MiAaPQ)EBC5516709 035 $a(DE-B1597)490389 035 $a(OCoLC)1054876204 035 $a(DE-B1597)9781547400294 035 $a(Au-PeEL)EBL5516709 035 $a(CaPaEBR)ebr11610575 035 $a(OCoLC)1054066403 035 $a(EXLCZ)994100000006520080 100 $a20181002d2018 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aRetirement savings policy $epast, present and future tense /$fMichael P. Barry 210 1$aBoston ;$aBerlin :$cDEG Press,$d[2018] 210 4$dİ2018 215 $a1 online resource (275 pages) 225 0 $aThe Alexandra Lajoux Corporate Governance Series ,$x2629-8155 311 $a1-5474-1645-9 327 $tFrontmatter -- $tAbout De/G PRESS -- $tAcknowledgments -- $tAbout the Author -- $tAbout the Series Editor -- $tContents -- $tIntroduction -- $tPart I: The Defined Benefit Plan Legacy -- $tChapter 1: An Overview of Existing Plans -- $tChapter 2: DB Plan Basics -- $tChapter 3: The DB Valuation Challenge -- $tChapter 4: The Regulatory Framework-Benefit Insurance, Minimum Funding Rules and Accounting Standards Affecting DB Plan Finance -- $tChapter 5: The Regulatory Framework-Minimum Standards for Retirement Plan Design and Tax Code Nondiscrimination Rules -- $tChapter 6: Problems with the DB Design -- $tChapter 7: The Cash Balance Plan Conversion Crisis -- $tChapter 8: The Secular Decline in Interest Rates and the Viability of DB Plans -- $tChapter 9: Getting Out, Slowly -- $tChapter 10: Managing the DB Legacy-Reducing PBGC Premiums -- $tChapter 11: The Cash Balance Alternative -- $tChapter 12: Intermezzo-Basic Policy Considerations Part I -- $tPart II: Defined Contribution Plans and the 401(k) Revolution -- $tChapter 13: The Rise of the 401(k) -- $tChapter 14: DC/401(k) Plan Basics -- $tChapter 15: The DC Adequacy Challenge -- $tChapter 16: Adequate Savings and the Regulatory Framework-Retirement Savings Tax Incentives -- $tChapter 17: 401(k) Tax Code Nondiscrimination Rules -- $tChapter 18: Adequate Investment-The Asset Allocation Challenge -- $tChapter 19: ERISA Fiduciary Rules -- $tChapter 20: The Structure and Administration of 401(k) Plans, Revisited -- $tChapter 21: Why Fees? -- $tChapter 22: 401(k) Plan Fees and Fiduciary Regulation -- $tChapter 23: Fiduciary litigation -- $tChapter 24: Fiduciary Best Practices and Managing Fiduciary Risk -- $tChapter 25: An Adequate Payout -- $tChapter 26: Intermezzo-Plan B -- $tPart III: The Future -- $tChapter 27: The Demographic Background -- $tChapter 28: The Great Transition -- $tChapter 29: Covering the Uncovered -- $tChapter 30: The Implications of the Software Revolution for Retirement Savings -- $tChapter 31: The Role of the Employer -- $tChapter 32: The Bureaucratization of Capital -- $tChapter 33: Coda -- $tIndex 330 $aMike brings to this work his comprehensive experience and consummate technical talent in a beautifully readable book. A treasure. --Frank Cummings, Former Adjunct Lecturer in Law at UVA Law School, Columbia Law School, NYU Law School, and ALI-ABA Retirement Savings Policy reviews the basic policies that govern retirement savings plans, and their real world application, focusing on the key issues of finance, taxation, fiduciary conduct, and employee choice. The discussion is framed around the three fundamental challenges confronting employers and employees today - the pension legacy, the 401(k) revolution, and the pressure, from policymakers, regulators, opinion leaders, and individuals, for changes that will put retirement security within reach of all Americans. With more than 40 years' experience in the field, Michael P. Barry provides both a wealth of practical detail - best practices and concrete solutions - and a broad framework for understanding the issues surrounding retirement plans and strategies. The result is a comprehensive introduction to the forces that drive sponsor, participant, and policymaker decision-making. This is the perfect book for benefits and financial professionals who want a better understanding of the basic rules that govern retirement plan administration but also serves those interested in truly understanding the nuances and issues surrounding retirement plans and policies. The approach is practical, focusing on how US retirement plans actually work, how they are taxed (and not taxed), how they are regulated. But it is also conceptual, devoting considerable attention to an understanding of why these plans work the way they do. Why regulators and policymakers are so focused on a handful of issues - expanding coverage, reducing fees, fairness. And, at the highest level, what are the problems that we are trying to solve. As such, much of what we discuss will be of interest to a more general reader, who wants a realistic understanding of what is really at stake in current retirement policy debates. 606 $aRetirement income$xPlanning 610 $a401K. 610 $aAnnuity. 610 $aFiduciary. 610 $aPension. 610 $aRetirement plan. 610 $aRisk. 610 $aRoth. 615 0$aRetirement income$xPlanning. 676 $a332.024014 700 $aBarry$b Michael P.$0202916 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910808528903321 996 $aRetirement savings policy$94060825 997 $aUNINA