Most firms that track DB plan funded status estimated between 1% to 3% improvement for the year.
Michael A. Moran, with GSAM, says the firm expects voluntary contribution activity to continue into 2018, as defined benefit plan sponsors claim a deduction at their former, higher tax rate.
Aaron Friedman, national practice leader, tax-exempt, at Principal in West Palm Beach, Florida, says “small and mid-sized plans are very much in need of advisers because they don’t have dedicated human resources personnel or expertise on plan administration."
The idea is to put participants with lesser unfunded vested benefits (UVBs) in one plan, and those with greater UVBs in another.
“Plan sponsors that prioritize their goals and objectives strategically have the opportunity to both enhance participant outcomes and mitigate risks.” says Sarah Fitzmaurice, DC & Financial Wellness leader, Mercer.
In the years ahead, Corporate Insight expects a very strong focus on the issue of cybersecurity among retirement plan providers and investment managers, putting the impetus on plan sponsors to ensure they understand the evolving landscape.
The move is designed to protect pensions for Kroger associates who participate in the Central States Pension Fund, which is projected to go insolvent in 2025.
Nearly two-thirds (64%) of multiemployer plans are in the green zone, according to data from Segal Consulting.
Firms that track DB plan funding reported increases in the month ranging from 0.4% to 1.0%.
The consultancy issued a white paper redefined DC plan-related terminology.
The DOL fiduciary rule, though not yet fully implemented, is providing a tailwind for this trend, Cerull Associates says.
No lever alone is enough to close the pension funding gap, according to a report from Cambridge Associates.
Those tracking S&P plans estimate a slight decrease in or flat pension funding ratio, while other estimate a slight increase. Most agree funding is up for the year.
Some industry experts say the process of applying for benefit suspensions is proving more stringent than applicants and industry experts had anticipated.
The top worry for respondents to a Dimensional Fund Advisors survey is not having enough money to live comfortably in retirement.
The Academy has released a position statement, joining the GAO and Treasury Department in encouraging the use of lifetime income options in DC plans.
Employees need help with health and financial benefits year-round and employees who believe that their employer cares about their health and well-being are more engaged.
Funded status of the typical corporate pension plan increased by 1% or 2% over the quarter, depending on the model tracked.
Investment returns are the biggest factor in multiemployer plans’ funded status improvement, according to Milliman data.
This demographic is more apt to be behind in saving for retirement and worried about making ends meet, they report.