DB plan funded status reached a five-year high in July.
Peggy McDonald, the senior vice president who led negotiations for Prudential, says the firm is committed to providing vested participants, retirees and benefices seamless transition.
They are seeking reductions as high as 50%.
In a webcast sponsored by Benz Communications, the firm’s Engagement Strategist Megan Yost offered tips to better engage individuals in financial and health wellness.
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.