| | Benefits & Administration | | General Mills is freezing its U.S. defined benefit (DB) pension plans, according to a recently filed 10-K with the Securities and Exchange Commission (SEC). The company will freeze the pay and service amounts used to calculate pension benefits for active employees who participate in the United States DB plans as of December 31, 2027.Read more > | | The Move to Online Participant Communications May Not Be Best | | In an effort to find out how workers understand financial communications regarding retirement savings plans, and how participant knowledge can affect asset-allocation decisions, TIAA conducted research about how specific media communications (print vs. online, graphical vs. text), affects a worker’s comprehension of financial material. The research found most participants tended to skim through online material, whereas those who read written content gained a thorough, enhanced understanding.Read more > |
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