Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 5th, 2015
Benefits & Administration
DC Health Plan Adoption Set to Grow
A new study shows an increased interest by employers in defined contribution (DC) health plans. The Healthcare Trends Institute polled more than 250 human resource executives, benefits managers and benefits decision makers from companies of various sizes and industries in September through November 2014 and found 77.5% have some familiarity with DC health plans, compared to 59.4% last year. More than 61% of employers indicated they are looking into offering a DC health plan for 2016.Read more >
Corporate pension plans, public pension plans, foundations and endowments all missed their return targets for January 2015, according to the BNY Mellon Investment Strategy and Solutions Group (ISSG). The funded status of the typical U.S. corporate pension plan declined 4.9% to reach 82.4% by the end of January, propelled downward as the interest rate that determines future liabilities fell to an all-time low, BNY Mellon ISSG says.Read more >
The aggregate funded ratio for U.S. corporate pension plans declined to 74.3% for the month of January, according to Wilshire Consulting. The decrease in funding was the result of a greater increase in liability value versus a smaller increase in asset value.Read more >
Products, Deals & People
ERISApedia Provides ERISA Answers
With a platform that combines search tools and a user-friendly interface, the website provides answers to common questions asked by retirement plan sponsors and service providers. Included on the website is “The Qualified Plan eSource,” a discourse designed for Employee Retirement Income Security Act (ERISA) professionals working with defined contribution plans. Written by industry expert Timothy McCutcheon, the document contributes answers in an easy-access format with direct links to government source materials.Read more >