According to Wilshire, November saw the largest monthly increase in liability value since it began tracking corporate pension funded status in December 2012.
The Delaware EARNS program will be available to Delaware private sector workers who don’t have access to a retirement savings program and will be administered by digital 401(k)...
With more plan sponsors maintaining overfunded pension plans, some analysts argue that reopening a defined benefit plan, as IBM plans to, might be a good idea.
The Employee Benefits Security Administration released a video to remind plan sponsors about the importance of participants completing the Social Security Administration’s potential private retirement information notice.
Employers often have to choose between competitive wages and a robust retirement package, according to panelists at a DCIIA conference. Their choice may influence what kind of workers...
A cybersecurity breach affecting thousands of nonqualified compensation accounts is being resolved, but participant accounts remain days away from updates and coming back online.
IBM’s decision to unfreeze its pension is a ‘strong endorsement’ of plan sponsors operating parallel defined contribution and defined benefit retirement plans.
Looking ahead to next year, Vanguard’s David Stinnett predicts plan sponsors will continue to expand financial wellness programs and will explore optional SECURE 2.0 provisions.
The Board, or its designee, will review the investment performance of each investment option and underlying investment fund at least quarterly and review the policy at least annually.
IBM’s move away from the 401(k) match leads industry experts to evaluate the shortcomings of defined contribution plans in providing guaranteed lifetime income.