Plan Sponsors Facing Difficult Decisions During Coronavirus Pandemic
Stopping employer matching contributions, laying off employees, adjusting DB plan contributions; plan sponsors need to understand the effects of each decision.
Administration
Introducing Generation Z to Retirement
While retirement isn’t achievable for this new clutch of employees for years to come, saving for it is.
Securing Retirement for Female Workers
Faced with a list of priorities and lack of knowledge, women are often the ones who get off course with retirement security.
Considering a Loan Cure Period to Avoid Participant Loan Defaults
Allowing a cure period for plan loans may help preserve participants’ retirement savings and meet plan sponsors’ fiduciary responsibilities.
Next Steps for 403(b) Plan Sponsors
Now that plan documents will be cleaned up, 403(b) plan sponsors can focus on strategic tasks such as plan design changes and on complying with new legislation.
Could DB Plan Sponsors Have Seen a Greater Funded Status Increase in 2019?
Contributions to large pension plans plunged in 2019, nearly matching their lowest point in the past 15 years, according to Russell Investments.
Coronavirus Creates Perfect Storm for DB Plan Funded Status Drop in February
What happened to interest rates is just as important as what happened to equity markets, and DB plan sponsors should implement portfolios that manage both.
Reasons NOT to Offload DB Plans
Before following the crowd, DB plan sponsors should look at the cost to maintain their plan relative to the company’s financial situation—and look at its value to employees.
What to Know About DB Plan Administration
Plan sponsors should understand the components of administration, the interplay of providers and on what duties sources say sponsors are falling behind.
Reasons Exist to Turn a Cold Shoulder to Company Stock in DC Plans
However, if plan sponsors choose to offer company stock, there are efforts they can take to mitigate a litigation or participant outcomes meltdown.
New Models Continue to Be Introduced for 403(b) Plans
K-12 and university 403(b) plan sponsors have turned to multiemployer plan solutions—the latest of which is launching in Indiana.
Why Nonprofits May Prefer a 403(b) Plan Over a 401(k)
It often comes down to nondiscrimination testing.
The Future for Annuities in DC Plans
The SECURE Act offered an annuity selection safe harbor for plan sponsors, but education will be the first step in getting this income protection to plan participants.
Low Interest Rates, Coronavirus Deal Blow to DB Plan Funded Status
Plans with the greatest exposure to equities will generally see the largest funded status declines, according to River and Mercantile.
Elements of Retirement Plan Committee Education
There are several elements to include for new retirement plan committee members, but ongoing education is also important.
State and Local Pensions Share Their Own Best Practices
Respondents to an NCPERS survey shared success stories, strategies for reducing liabilities and “other” investments they use.
Lockheed Martin Makes Pension Buyout Transaction
This is the third pension risk transfer action the company has implemented.
Getting SECURE Act’s Lifetime Income Provisions Right
Industry sources agree pains must be taken to ensure mandatory lifetime income projections to participants are accurate and contextual education is provided.
Phasing Out Retirement Jargon
Complex retirement planning terminology isn’t just tough for participants to understand. Plan sponsors are having difficulty, too.
Mechanics of DB Plan QDROs Differ From Those for DC Plans
There are different paths for getting the right benefits to the right people when a plan participant divorces.