There are several options for changing benefits and shifting costs, and proper communications can help avoid participant backlash.
A strong equity market rally in November gave defined benefit plan funded status a boost, but long-duration fixed income also performed well.
The grocer has withdrawn from a multiemployer pension plan, and a new variable annuity pension plan will provide benefits for future service of Kroger and Stop & Shop...
The future health and political landscape could make a big difference on assumptions used for calculations and defined benefit plan funding policy.
It’s important to know how advisers get paid, as well as whether those sources of income could cause a problem for retirement plan sponsors or participants.
Plan sponsors should tout the ways they are helping participants with their plan designs and good governance processes.
Higher contributions can be expected in the future and asset allocation makes a difference, according to firms that track defined benefit plan funded status.
Until guidance is issued about transferring amounts to state unclaimed property funds, plan sponsors will have to rely on the limited guidance already given.
Lifetime income projections, offering more control over assets and education about annuity pricing will help participants be more receptive to in-plan annuities.
Part-time employees that will be entering retirement plans under SECURE Act provisions might not have had any experience in saving and planning for retirement.
Health care organizations face an uphill battle financially, but the right strategies for investing and controlling PBGC premiums can help them get to the other side.
Yes, public employees are more likely to have pensions, but some do not get Social Security, and health care costs are increasing for everyone.
Plan sponsors can take steps now to make sure their plans are ready to meet fiduciary obligations and participants’ needs in the new year.