| | Benefits & Administration | | Challenged by enduring marketplace volatility, escalating longevity and mounting Pension Benefit Guaranty Corporation (PBGC) premiums, plan sponsors are recognizing the significant risks caused by their pensions—and the detrimental effects these plans can have on shareholder value. More than 48% of survey respondents indicated they are either considering transferring, or are very likely to transfer, pension risk this year, according to a survey commissioned by Clear Path Analysis and sponsored by Prudential Retirement.Read more > | | ERISA 403(b) Plan Costs Down Since 2009 | | Total Employee Retirement Income Security Act (ERISA) 403(b) plan costs—which includes administrative, advice, fees from Form 5500 filings, and asset-based investment management fees—have decreased since 2009, according to a BrightScope/Investment Company Institute (ICI) examination of ERISA 403(b) plans with at least $1 million in assets that filed audited Form 5500 reports with the U.S. Department of Labor. The study also looked at the composition of investment lineups and plan design features.Read more > |
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