Administration

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...

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.

“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...

The aggregate funded ratio is up 6.1 percentage points year to date, according to Wilshire Consulting.

The right allocation could boost returns over a person's career by as much as 34%, the consulting firm says.

Among other things, it is recommended that plan sponsors minimize requests for and use of personally identifiable information and review recordkeepers' security procedures.

“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.

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...

“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,...

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.

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.

DB plan funded status reached a five-year high in July.

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.

They are seeking reductions as high as 50%.

In a webcast sponsored by Benz Communications, the firm’s Engagement Strategist Megan Yost offered tips to better engage individuals in financial and health wellness.