Stronger equity markets pushed pension funding up 2% to 3%, according to firms that monitor defined benefit plan funded status, but plan sponsors should continue to watch market volatility.
A paper authored by Shlomo Benartzi, senior academic adviser at the Voya Behavioral Finance Institute for Innovation, promotes the idea of a “digital fiduciary,” and Andrew Way, with Corporate Insight, weighs in on best practices for digital communications.
The company announced one annuity buy-out transaction and one annuity buy-in transaction.
Callan’s 2019 Defined Contribution (DC) Trends Survey finds more plan sponsors have conducted fee benchmarking, there’s a shift in who is paying fees and trends regarding revenue sharing have changed.
A survey from the Empower Institute reveals retirement industry terms employees prefer, what they want communications look like, and how they prefer to receive them.
Consultants say market losses for U.S. pension plans in December were the worst in a decade.
Even among 403(b) plans not governed by ERISA, PLANSPONSOR DC Survey results show improvement in certain governance practices.
While the pension deficit for the Fortune 1000 plans Willis Towers Watson tracks is projected to be only slightly lower than the deficit at the end of 2017, pension plan assets declined sharply at the end of 2018.
A review of how financial wellness has increased in the past year, and clues on what to expect in 2019.
They are centered around three key themes: 1) Secure your foundation, 2) Achieve greater prosperity and 3) Inspire confidence.
Mercer recommends 10 areas of focus for defined benefit plans in 2019.
A university spokesperson told Yale News that the changes to the retirement plan were not in response to ongoing litigation.
Most organizations appear to underestimate the financial challenges facing older workers, and thus the likely timing of retirements, Willis Towers Watson says.
J.P. Morgan makes recommendations for plan design and TDFs based on savings and withdrawal behaviors it analyzed.