PRT Still a Useful Tool for Plan Sponsors
The effects of the COVID-19 pandemic slowed pension risk transfer activity earlier in the year, but economic factors for transactions remain favorable and Q4 could be a record...
Administration
Consider Who Is Paying When Benchmarking Retirement Plan Fees
There is less risk when a plan sponsor pays retirement plan fees, but that doesn’t necessarily mean the benchmarking should be different than if participants pay.
The New York Times Co. Announces Pension Risk Transfer
With the purchase of an annuity contract, the company will transfer the payment obligation for approximately 1,850 retiree accounts to MassMutual.
The Importance of Extending Diversity to the Retirement Plan Committee
With representation being top of mind in 2020, companies are reconsidering the makeup of their workforces.
Weaving Part-Time Employee Inclusion Into Retirement Plan Processes
The SECURE Act’s requirement to let part-time employees join 401(k)s demands a process for counting hours and creates opportunities to review other procedures.
Most Estimates Show DB Funded Status Declined in September
A decline in equity markets caused funded status to decrease during the month, and firms say DB plan sponsors should prepare for more market volatility through the end...
PSNC 2020: Creating Income Streams for Participants
Panelists reviewed different lifetime income stream selections and important disclosures to note under the SECURE Act.
PSNC 2020: Improving Plan Committees and Governance
Industry experts say one key takeaway is the importance of having a retirement plan committee that reflects the diversity of the participant population.
PSNC 2020: Evaluating Service Providers
The COVID-19 pandemic was a test for provider relationships. Did plan sponsors see their providers as real partners or did they see a change was needed, and how...
PSNC 2020: Recalibrating Retirement Plans
The COVID-19 pandemic has accelerated what was already an emerging goal for the retirement planning industry: helping participants prepare for short-term financial challenges as a means to create...
PSNC 2020: Duties With Regard to Annuities
The momentum for offering annuities to DC plan participants is growing, and plan sponsors need to know their responsibilities and choices.
Managing a Retirement Plan Re-enrollment for 2021
Plan sponsors need to consider the effects of the COVID-19 pandemic on their businesses and participants before implementing a re-enrollment next year.
The Plan Sponsor Time Crunch
With so many recent disruptions to what was ‘business as usual,’ how can plan sponsors ensure their retirement plan gets the attention it needs and the most important...
August Emerges as the Best Month for DB Plan Funded Status in 2020
However, firms that track pension plan funded status warn about the potential for more market volatility ahead in 2020.
DB Plans Can Expect Continued Funded Status Issues
The solutions to manage funded status differ for public and corporate plans.
Options to Help Participants Avoid Tapping Into Retirement Savings
Plan sponsors can share with participants other options to consider before taking a DC plan loan or withdrawal.
The PEP Opportunity
Pooled employer plans (PEPs) are coming, and potential adopting employers need to know what to look for and what they are getting into.
Important Considerations for the RFP Process
When conducting a service provider request for proposals (RFP), being specific can help ensure plan and participant needs are met, as well as compliance with fiduciary duties.
Tremendous Promise Foreseen for PEPs
Many retirement plan experts say they think the pooled employer plans authorized under the SECURE Act will open more doors for small businesses.
Retirement Plan Providers Opening Up to Serving Cannabis and Other Companies
A few financial firms have entered the cannabis, hemp and CBD market, being careful to manage any legal risks for their clients and themselves.