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.
An insight article offers a framework for identifying and managing operational risks, and Julian Regan, with Segal Marco Advisors, says even though the insight is given for public-sector DC plans, it could apply to corporate DC plans as well.
L. Rita Fiumara from UBS shared generation-specific insights that can help shape retirement plan communications.
Professor Shlomo Benartzi, business school professor at the University of California, Los Angeles (UCLA), Anderson School of Management, says technology can be used immediately to improve retirement plan participation and savings rates.
Two Plan Sponsor of the Year awards winners shared ways their advisers helped them.
Asset managers that monitor DB plan funded status found 1% through 1.3% increases last month.
Specific policy changes and plan sponsor initiatives can make guaranteed lifetime income a norm in the DC plan space, TIAA suggests.
Researchers examine three levers that defined benefit plans can use to enhance portfolio outcomes in a low-interest-rate environment.
Prudential will formally assume responsibility for pension benefits for approximately 45,000 former employees or their beneficiaries receiving less than $450 in monthly benefit payments from the plan.
Aon shows only 6% of U.S. corporate DB plan obligations have actually been settled since 2012.
The best practices tell retirement plan recordkeepers how they should report their cyber security capabilities to plan sponsors and advisers.
“Companies feel that the time is right to reduce or eliminate their pension funding shortfalls.” says Matt McDaniel, partner, Mercer.
There have been a rash of third-party administrator (TPA) acquisitions recently, and TPAs are offering new services.
The state is trying a pension risk transfer option commonly used by corporate plan sponsors.
Asset management firms estimate pension funding ratios declined slightly in August, but most say they are up for the year.
The most common preparatory steps taken include an evaluation of the financial impact of a pension risk transfer; discussions with stakeholders; data review/cleanup; and, exploration of the PRT solutions.
The lack of understanding of Roth contributions, should Congress move to limit pre-tax savings, will cause significant confusion and potentially a significant drop in savings, a new analysis warns.