Prudential Takes on $1.6 Billion PRT from International Paper
The sizable deal comes as more large employers close to within striking distance of PRT transactions.
Administration
Managing Growing PBGC Premiums
How do plan sponsors do that, and have they already taken steps to do so?
Using Detailed Plan and Participant Analytics Can Improve Retirement Readiness
Willis Towers Watson believes plan-wide statistics on mean or median participation rates, balances or contribution rates measure aggregate data on all participants but offer little in the way...
Transamerica Offers Suggestions for Further Improving Retirement Security
While defined contribution plans showed resilience during the Great Depression and recovery, more can be done to help participants, Transamerica Center for Retirement Studies says.
Funding Level Rises for City and County Pension Plans
“The increase in global equity values for the 12-month period ending June 30, 2017 was a primary driver of the improved funding levels,” says Ned McGuire, at Wilshire...
August DB Funded Status Remains Level at 91%
The aggregate funded ratio is up 6.1 percentage points year to date, according to Wilshire Consulting.
Demand Growing for OCIO and PRT Services
Greg Calnon, with Goldman Sachs Asset Management, discusses how outsourced chief investment officer solutions are moving into the DC plan space and how OCIOs can help with pension...
Proper Asset Allocation Often Overlooked, Sibson Says
The right allocation could boost returns over a person's career by as much as 34%, the consulting firm says.
Segal Group Recommends Steps for DC Plan Cybersecurity
Among other things, it is recommended that plan sponsors minimize requests for and use of personally identifiable information and review recordkeepers' security procedures.
Sponsors’ Unique Objectives Guide Retirement Income Discussions
“There is a lot of value in having conversations about retirement income that are not just product driven,” said Josh Cohen, head of institutional defined contribution for PGIM.
Mercer Makes Recommendations for Finding Missing Participants
If there are missing participants that plan sponsors have not made a genuine effort to find, “the entire plan could be disqualified under the tax code and the...
Deadline Approaching for DB Plan Sponsors to Take Advantage of Tax Change
“Tax reform has allowed plan sponsors to take advantage of a higher deduction. Doing so may mitigate the need for higher contributions in the future,” says Alexa Nerdrum,...
Weyerhaeuser Takes Steps to Reduce Pension Liabilities
The company is offering a lump-sum window, transferring some liabilities to a group annuity, making a contribution to its pension plan and transitioning to a liability-matching investment allocation.
Why Is It Recommended to Save 15%?
Most retirement experts currently recommend saving 15% of annual income. “There is mathematical backing to what we suggest,” says Roger Young, senior financial planner at T. Rowe Price.
Unions Object to Recouping Overpayment of Pensions From Members
The pension plan administrator for the city of San Jose employees has known about the overpayments due to miscalculations since 2011, but the overpayments continue.
Do You Have What It Takes to Obtain Fiduciary Insurance?
When assessing whether or not to take on a sponsor as a client, the insurers “have really sharpened their pencils,” says Nancy Ross, a partner and head of...
Leveling the Playing Field for Participant Fees
Making participant plan fees more equitable.
Equity Returns Pull Average Pension Funded Ratios Up in July
DB plan funded status reached a five-year high in July.
Raytheon Transfers Nearly $1B in Pension Obligations to Prudential
Peggy McDonald, the senior vice president who led negotiations for Prudential, says the firm is committed to providing vested participants, retirees and benefices seamless transition.
Four Multiemployer Pension Plans Apply to Reduce Benefits
They are seeking reductions as high as 50%.