Not having proper beneficiary designations on file can create a difficult situation for plan sponsors, and with the use of automatic enrollment, fewer participants are revealing their beneficiaries.
The Board said it based its decision on an analysis by its actuary.
Retirement plan sponsors and policymakers can gain ideas from countries with different methods for encouraging retirement security.
Announcements by the company provide an example of common steps and the timeline for a pension risk transfer.
Mark Unhoch, with October Three, explains why annuity costs for pension risk transfers (PRTs) are greater when interest rates are lower.
Some legislative proposals, such as the SECURE Act, may address challenges to retirement income adequacy women face, but there are also things retirement plan sponsors can do.
However, Wilshire Consulting attributes much of the improvement in funded status for the trailing 12 months to state employer contributions.
Seventy percent think their approach will help employees retire at their targeted retirement age, compared to only 43% of plan sponsors without this specific plan design.
While asset returns gave defined benefit (DB) plan sponsors a funded status bump in June, lower interest rates led to an overall decline for the second quarter of...
Due to the misunderstanding about the intersection between state and federal Cannabis laws, lack of provider support may stop hemp and CBD companies from sponsoring 401(k) plans.
Research reports find a large proportion of employees don’t understand their retirement benefits—with some not even realizing they are participating—and better communication is needed to help participants take...
Attendees of the 2019 PLANSPONSOR National Conference heard suggestions for the composition of retirement plan committees, what should be discussed in meetings and what fiduciary training is needed.
Plan sponsors are meeting participants ‘where they are’ to promote financial wellness.
Experts lay out what retirement plan sponsors should ask to find the adviser best suited to their plan.