What are the rules for locating missing retirement plan participants and what should plan sponsors do when they’re found?
However, firms that track DB funded status report 2% gains for the quarter and up to 6% for the year.
“Plan sponsors that have adopted or moved to market return design structures have reduced or eliminated market and cost volatility from their retirement program while providing participants with professionally managed investment returns that have produced better participant outcomes,” a report from October Three concludes.
Experts with cash balance plan design and administration provider Kravitz define the concept of strategic plan termination—what the pros and cons are, and what an employer’s responsibilities entail under IRS and PBGC regulations.
Reviewing a participant’s financial health involves more than just deploying the latest retirement readiness tools.
Creative and cost-efficient strategies to motivate employees at small companies to engage in their retirement plan.
Nearly two-thirds (62%) of respondents to a survey say they are "very likely" to transfer some or all of their pension obligations to an insurance company once their DB plan becomes well-funded.
Retirement plan sponsors have access to a plethora of data that can help them in making plan design and participant education decisions.
Fee-levelization and zero revenue sharing are the newest trends for retirement plan fees.
From the recent fiduciary rule hold to modern, advanced technology, panelists examine how participant advice has widely grown in the past years.
DB plan sponsors want to keep control of their plans as they de-risk.
Retirement plan sponsors have a fiduciary duty to help plan participants who terminate or retire and provide them the tools they need to best protect their assets.
Two retirement industry professionals reviewed best practices for investment committee members.
Addressing employees’ financial issues can help them free up cash to save for retirement, including long-term health care costs.
A partner at Ivins, Phillips & Barker discusses why defined benefit plan sponsors should consider accelerating their funding—and how to do so.
Drew Carrington and Michael Knowling review the 8 most talked about retirement industry topics.
“The pattern of improvement paused last month owing to a dip in discount rates, but aggregate funded status remains near a four-year high as the long bull market continues to persist,” says Matt McDaniel, a partner in Mercer’s US Wealth business.
Bing Waldert, a managing director with Cerulli Associates, says, "converting the 401(k) plan to an income platform is a step in taking DB [defined benefit] market experience and applying it to the 401(k) market.”
The plan to adopt a fee-leveling approach and rebate revenue sharing to participants comes as many institutions of higher learning face lawsuits challenging their 403(b) plan fees.
According to MetLife, the pension risk transfer (PRT) agreement involves pension obligations of $6 billion.