PLANSPONSOR Weekend Newsdash
Week ending August 25th, 2017
Happy Friday, PLANSPONSOR readers! This week our editor’s choice articles focus on defined benefit pension plans. Strong returns for the second quarter of 2017 gave public pensions a slight uptick in funding status, according to Milliman. An NIRS study found that given the option, public sector employees overwhelmingly prefer a DB plan over a defined contribution one. The IRS released amendments for bifurcated DB distribution, and we highlight cost concerns regarding pension risk transfer and freezing a DB plan. All this and more in this edition of PLANSPONSOR Weekend!
Editor's choice
Data And Research
Public Pension Plan Funded Status Slowly Improves
As of the end of the second quarter of 2017, four more of the 100 biggest public pension plans crossed the 90% funded status mark.Read more >
Data And Research
Given a Choice, Public Sector Employees Choose DB Over DC
Among the eight states studied that offer employees such a choice, the take-up rate of DB plans was 80% or higher in six of those states.Read more >
IRS Issues Amendments for Bifurcated DB Distribution
The amendment suggests language a defined benefit sponsor might want to use.Read more >
Cost Concerns Driving Pension Risk Transfer Decisions
Even the plan sponsors that have not implemented a pension risk transfer say costs from changing mortality assumptions and rising PBGC premiums would make them more likely to do so.Read more >
Cost Considerations When Freezing Your DB Plan
Just because a plan is frozen, doesn’t mean fees will go away altogether.

Read more >
Getting SECURE Act’s Lifetime Income Provisions Right
Industry sources agree pains must be taken to ensure mandatory lifetime income projections to participants are accurate and contextual education is provided.
2020 Best in Class 401(k) Plans
PLANSPONSOR is pleased to announce the sixth “class” of companies winning the Best in Class 401(k) Plan designation.
The Future for Annuities in DC Plans
The SECURE Act offered an annuity selection safe harbor for plan sponsors, but education will be the first step in getting this income protection to plan participants.
IRS Announces 2020 Contribution and Benefit Limits

The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.

Why Nonprofits May Prefer a 403(b) Plan Over a 401(k)

It often comes down to nondiscrimination testing.

Editorial: Alison Cooke Mintzer


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