Considering Balance Sheet Issues for Pension Risk Transfers
A pension risk transfer (PRT) to terminate a defined benefit (DB) plan reflects heavily on a plan sponsor’s balance sheet, which may stop in its tracks a decision...
Administration
Individuals, Employers and Government All Play a Part in Retirement Readiness
A new research report and Catherine Collinson, with Transamerica Center for Retirement Studies, lay out steps all three can take to improve retirement confidence and readiness in America.
Driving Cybersecurity with Participants and Providers
Plan sponsors should evaluate providers’ cybersecurity practices, but there are also steps they and plan participants can take to safeguard retirement accounts.
AICPA Reminds Plan Sponsors of Record Retention Rules
A plan advisory explains Employee Retirement Income Security Act (ERISA) rules for record retention and offers best practices for that and protecting personal information.
Communicating Retirement Benefits to Five Generations of Workers
The University of Pittsburgh has found stories from peers resonate well with every employee group.
DB Plan Sponsors Should Act Now to De-Risk and Lock In Funding Gains
With most companies that track defined benefit (DB) plan funded status showing an improvement in April and for the year, some suggest plan sponsors consider whether it’s time...
Q4 2018 Volatility Leads DB Sponsors to Focus More on Risk
Asked what they plan to look for in asset management searches in the next 12 months, the majority of mid-sized defined benefit (DB) plan CIOs said better risk-adjusted...
A New Way of Thinking About Retirement ‘Plans’
Mike Sasso, with Portfolio Evaluations, and a professor at Boston University, explained a new way of thinking to get plan sponsors to focus on retirement income for participants.
How and Why to Simplify DC Plan Investment Menus
Simplifying a defined contribution (DC) plan’s investment menu could encourage more employees to participate in the plan, sources say.
Employer Contributions Aid in DB Plan Funding Progress
An analysis from the Society of Actuaries suggests the majority of defined benefit (DB) plan sponsors are making sufficient contributions to help reduce unfunded liabilities.
Pragmatic Strategies to Reduce PBGC Premiums This Year
Pension plan sponsors have taken various actions to reduce their PBGC premiums in the last year, resulting in a decline in premiums paid in 2018 of $1.2 billion.
Recordkeeper Consolidation Creates a Smaller Pool of Plan Sponsor Choices
Recordkeeper consolidation is ongoing, but it offers an opportunity for plan sponsors to secure better services and software, and better fees.
Avery Dennison Settles DB Plan Liabilities With Annuity Purchase
The firm has transferred $750 million in pension obligations to American General Life Insurance Company, part of AIG’s life and retirement business.
Employees Rely on Employers for Financial Advice
Working with recordkeepers that offer financial wellness programs can help a market of plan participants underserved by individual retirement advisers.
Risk Transfer Floodgates Hold, For Now
Even with the documented acceleration of de-risking activity, Tom McCartan at PGIM Fixed Income notes that less than 1% of U.S. private pension plan assets and liabilities have...
Actionable Steps Engage Employees in Financial Wellness Programs
Meredith Ryan Reid, with MetLife, says the human element is also really important.
Largest DB Plan Sponsors Adjust Policies to Manage Risks
The latest report from Russell Investments shows the largest defined benefit (DB) plan sponsors have shifted more to fixed income investments and increased contributions as they continue to...
Contributions and Asset Returns Give State Pensions a Positive 2018
Wilshire Consulting also reports significant changes to state pensions’ allocations to equity and real assets over the past decade.
Retirement Plan Sponsors’ Interest in Retirement Income Is on the Rise
401(k) consultants and advisers offer insight on the sentiments they are seeing from plan sponsors and make suggestions.
Retirement Plan Cybersecurity Disclosure to Make Everyone Satisfied
Retirement plan sponsors want to know their service providers are taking steps to protect participant data, but providers are concerned about releasing confidential information.