However, firms that track pension plan funded status warn about the potential for more market volatility ahead in 2020.
The solutions to manage funded status differ for public and corporate plans.
Plan sponsors can share with participants other options to consider before taking a DC plan loan or withdrawal.
A few financial firms have entered the cannabis, hemp and CBD market, being careful to manage any legal risks for their clients and themselves.
Representatives of three well-funded pension plans shared information about their contribution rate, assumed return rate and COLA strategies.
Whether a plan is in dire financial straits or not, many employers likely want to get out of them, but their options may come at high cost or...
Firms that monitor DB plan funded status say it is uncertain whether Congress will offer additional funding relief; many plans will likely face lower funded status in 2020.
Strategies regarding timing and recording of pension contributions translate to millions of dollars in lower PBGC premiums, according to a report from October Three.
Depending on asset allocation, some plans have fared better than others, but the majority are down for the year.
Remote work is expected to lead to more attacks on retirement plan accounts, but there are an increasing number of measures to handle the threat.
The pandemic has highlighted the need for plan sponsors to actively encourage revised beneficiary designations and have missing participant procedures in place.