| | Benefits & Administration | | Do Sponsors Need a Policy for Education? | | Retirement plans governed by the Employee
Retirement Income Security Act (ERISA) are already subject to a range of
regulations and requirements, but plan sponsors can increase the rules to which
they must adhere by adopting formal policy statements. The majority of
providers in the industry would agree that an investment policy statement is a
good practice, but should plan sponsors also adopt an education policy
statement that outlines their goals and methods for educating retirement plan
participants?Read more > | | The funded status of the typical U.S. corporate
pension plan declined in August, dropping by 2.5 percentage points to 84.2%. While
liabilities fell slightly due to widening credit spreads, the decline was
driven by a larger drop in asset values, according to BNY Mellon Fiduciary
Solutions. Public plans, foundations and endowments also failed to meet targets
due to declining asset values.Read more > |
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