Some DB Plans Changing Accounting Measures
Most companies used a single weighted average discount rate to measure the interest cost and service cost components of benefit cost, but PwC found, beginning in 2015, many...
Administration
Maryland Pension System Further Reduces Return Assumption
State Treasurer Nancy K. Kopp says, “Recognizing that both the inflation experience and expectations for future inflation remain lower than the rate currently assumed, the Board felt it...
Cost Considerations When Freezing Your DB Plan
Just because a plan is frozen, doesn’t mean fees will go away altogether.
Advisers Responding to Plan Sponsor Demands
More advisers are offering services pertaining to financial wellness and HSAs.
Plan Sponsors Using Plan Design and Other Tools to Increase Employee Engagement
“Participant engagement growth has also been driven in part by employers making education more accessible with onsite meetings, webcasts and personal consultations,” Bank of America Merrill Lynch says.
DCIIA Calls on Sponsors to Use Automatic Tools More Robustly
The organization has issued a report analyzing what is working in DC plans and how the existing tools can be leveraged further.
Scrutinizing Plan Fees Can Save Plan Sponsors and Participants Money
One adviser explains that if a plan has $1 million in assets, even a single basis point reduction in fees among 20 participants can, on average, save each...
Aon Divests Company Stock from 401(k)
Effective April 1, the Aon Stock Fund was discontinued as an active investment option in the plan.
Mercer Puts Forth Ideas for Addressing the Savings Gap
One suggestion is to give individuals access to smart tools, default options and advice that can help them increase their financial literacy and achieve success.
There Is No Single 'Right' Measurement for DB Plan Funding
The purpose of the measurement determines which number is “right,” according to the American Academy of Actuaries.
Pension Funded Status Sees Decline for June and Q2 2017
Still, funded status is up for the year, according to one firm’s estimates.
The Move to Online Participant Communications May Not Be Best
Most participants tended to skim through online material, whereas those who read written content gained a thorough, enhanced understanding, research finds.
Small DC Plan Sponsors Taking Lessons From Larger Ones
Vanguard researchers highlight several positive trends, including the growing adoption of automatic enrollment, target-date funds (TDFs), employer contributions, Roth options, and loan flexibility.
The Hartford Transfers 29% of Pension Plan Obligations
The company will be purchasing a group annuity contract from Prudential.
Accenture Completes Pension Risk Termination
American General Life Insurance Company and Massachusetts Mutual Life Insurance Company have agreed to take on $1 billion of Accenture’s pension obligations.
Most Public Pensions Received Insufficient Employer Contributions
An analysis covering the years 2006 through 2014 shows most of the 160 plans studied received insufficient employer contributions to maintain their unfunded liabilities.
Analysis Finds DC Plan Health Improving
By using some best practices, plan sponsors have moved the needle toward more plan participants taking action to reach an 80% income replacement goal, Wells Fargo data shows.
PSNC 2017: How Current Trends Will Drive the Future Retirement Planning Market
A session at the PLANSPONSOR National Conference presented BrightScope data relevant to anticipated developments in the retirement industry.
PSNC 2017: Innovation at Work
The final session at the PLANSPONSOR National Conference explored how one company’s innovative plan design extends prospects for retirement readiness to all of its full-timers, regardless of income...