Another Multiemployer Plan Approved for Benefits Reductions Under MPRA
Some industry experts say the process of applying for benefit suspensions is proving more stringent than applicants and industry experts had anticipated.
Administration
Retirement Planners Want to Know How Much They Can Spend
The top worry for respondents to a Dimensional Fund Advisors survey is not having enough money to live comfortably in retirement.
American Academy of Actuaries Joins Advocacy for In-Plan Lifetime Income Options
The Academy has released a position statement, joining the GAO and Treasury Department in encouraging the use of lifetime income options in DC plans.
There Is Value in Ongoing Benefits Education
Employees need help with health and financial benefits year-round and employees who believe that their employer cares about their health and well-being are more engaged.
Returns Boost Pension Funded Ratios in Q3 2017
Funded status of the typical corporate pension plan increased by 1% or 2% over the quarter, depending on the model tracked.
Multiemployer DB Plans Show Signs of Recovery
Investment returns are the biggest factor in multiemployer plans’ funded status improvement, according to Milliman data.
African-Americans Want More Financial Education From Their Employers
This demographic is more apt to be behind in saving for retirement and worried about making ends meet, they report.
What Is a True-Up Match?
Though not a required contribution, defined contribution (DC) plan sponsors may want to offer a true-up match to help participants maximize their savings for the year.
DC Plans Need a Framework for Managing Operational Risks
An insight article offers a framework for identifying and managing operational risks, and Julian Regan, with Segal Marco Advisors, says even though the insight is given for public-sector...
Different Generations Require Different Communication Strategies
L. Rita Fiumara from UBS shared generation-specific insights that can help shape retirement plan communications.
Digital Nudges the Next Step in Improving Participant Retirement Savings
Professor Shlomo Benartzi, business school professor at the University of California, Los Angeles (UCLA), Anderson School of Management, says technology can be used immediately to improve retirement plan...
How Advisers Can Help Plan Sponsors
Two Plan Sponsor of the Year awards winners shared ways their advisers helped them.
Communicating With Terminated and Retired Participants
Some communications with terminated participants are required by law, but plan sponsors can take this farther—from offering the opportunity to repay loans to invitations to social events.
Corporate Bond Yields Have a Positive Effect on Pension Funding in September
Asset managers that monitor DB plan funded status found 1% through 1.3% increases last month.
Embracing In-Plan Annuities
Specific policy changes and plan sponsor initiatives can make guaranteed lifetime income a norm in the DC plan space, TIAA suggests.
Levers to Enhance DB Plan Portfolio Outcomes
Researchers examine three levers that defined benefit plans can use to enhance portfolio outcomes in a low-interest-rate environment.
International Paper Offloads $1.3B in Pension Liabilities
Prudential will formally assume responsibility for pension benefits for approximately 45,000 former employees or their beneficiaries receiving less than $450 in monthly benefit payments from the plan.
Creating a Successful Open Enrollment Experience
Communications, pushing CDHP enrollment and including retirement plan reminders can help enrollment be successful for both employees and employers.
DB Plans Far From Being Eliminated
Aon shows only 6% of U.S. corporate DB plan obligations have actually been settled since 2012.
Considerations for Adopting a Safe-Harbor Plan Design
The deadline for adopting a new safe-harbor 401(k) plan is October 1, and while it’s not likely to be met for employers that have not already moved to...