A Retirement Draw Down Strategy Starts With Education
Plan sponsors need to give participants the education and tools they need to develop a strategy for spending assets in retirement.
Administration
Verizon Pensioners Still Want to Recoup ERISA Protections
In a followup interview with Jack Cohen, Association of BellTel Retirees chairman, he says his association and others warned the PBGC that risk transfers would harm the insurance...
City and County Retirement Systems Struggling With Funding
While research suggests the funded status of state and local pension plans is inching closer to that of state pension plans, data shows their funded status is still...
Ascensus Finds Increase in 401(k) Employer Contributions
Market returns, adoption of safe harbor plans and more education to participants can be attributed to this increase.
Markets Push Pension Funded Status Higher in 2017
Most firms that track DB plan funded status estimated between 1% to 3% improvement for the year.
Tax Reform Fuels DB Plan Accelerated Funding
Michael A. Moran, with GSAM, says the firm expects voluntary contribution activity to continue into 2018, as defined benefit plan sponsors claim a deduction at their former, higher...
Small Plans Seeking Help of Advisers
Aaron Friedman, national practice leader, tax-exempt, at Principal in West Palm Beach, Florida, says “small and mid-sized plans are very much in need of advisers because they don’t...
Reducing PBGC Premiums by Splitting Up a DB Plan
The idea is to put participants with lesser unfunded vested benefits (UVBs) in one plan, and those with greater UVBs in another.
How Plan Sponsors Can Use Research and Surveys
Data and research from providers and industry groups can help plan sponsors make more informed decisions.
Measuring Employees’ Retirement Readiness Is Imperative for Businesses
Obviously, there are effects on a business if employees are unable to retire on time, but there are also effects if employees retire early—making retirement readiness knowledge important.
Mercer Suggests Top Priorities for DC Plan Sponsors in 2018
“Plan sponsors that prioritize their goals and objectives strategically have the opportunity to both enhance participant outcomes and mitigate risks.” says Sarah Fitzmaurice, DC & Financial Wellness leader,...
Evolving Cybersecurity Landscape Pressures Plan Sponsors
In the years ahead, Corporate Insight expects a very strong focus on the issue of cybersecurity among retirement plan providers and investment managers, putting the impetus on plan...
Kroger Withdraws From Troubled Central States Multiemployer Plan
The move is designed to protect pensions for Kroger associates who participate in the Central States Pension Fund, which is projected to go insolvent in 2025.
Only 10% of Multiemployer Plans Are in Critical and Declining Status
Nearly two-thirds (64%) of multiemployer plans are in the green zone, according to data from Segal Consulting.
Firms Agree Pension Funded Status Increased in November
Firms that track DB plan funding reported increases in the month ranging from 0.4% to 1.0%.
Willis Towers Watson Makes Suggestions for Improving DC Plan Thinking
The consultancy issued a white paper redefined DC plan-related terminology.
More DC Plan Sponsors Looking to Outsourced Fiduciary Services
The DOL fiduciary rule, though not yet fully implemented, is providing a tailwind for this trend, Cerull Associates says.
DB Plan Sponsors Should Balance Four Levers to Improve Funding
No lever alone is enough to close the pension funding gap, according to a report from Cambridge Associates.
Reports of Pension Funded Status for October Are Mixed
Those tracking S&P plans estimate a slight decrease in or flat pension funding ratio, while other estimate a slight increase. Most agree funding is up for the year.
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.