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.
However, if plan sponsors choose to offer company stock, there are efforts they can take to mitigate a litigation or participant outcomes meltdown.
K-12 and university 403(b) plan sponsors have turned to multiemployer plan solutions—the latest of which is launching in Indiana.
It often comes down to nondiscrimination testing.
Plans with the greatest exposure to equities will generally see the largest funded status declines, according to River and Mercantile.
Respondents to an NCPERS survey shared success stories, strategies for reducing liabilities and “other” investments they use.
Industry sources agree pains must be taken to ensure mandatory lifetime income projections to participants are accurate and contextual education is provided.
There are different paths for getting the right benefits to the right people when a plan participant divorces.
Shifts in investments and changes to employer contributions are being used to mitigate the funded status effects of lower return assumptions.
Plan sponsors will need to consider whether in 2020, as in 2019, stock market returns will be great enough to offset rising liabilities from interest rate decreases.
The media company has asked for legislative relief and is in discussions with the PBGC about a distress termination of its defined benefit (DB) plan.
Plan sponsors need to understand how vulnerable retirement plan and participant data is to cyberattacks, and know what they, providers and participants can do to mitigate the risk.