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 >
2021 Target-Date Fund Survey
The DOL Has Begun Retirement Plan Cybersecurity Audits

Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge fiduciaries to act on the DOL’s recent guidance.

2020 Recordkeeping Survey
Differences Between Safe Harbor and Traditional DC Plans

The primary distinction is that sponsors can design safe harbor plans to avoid having to perform nondiscrimination and top-heavy testing.

Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the past.

Editorial: Alison Cooke Mintzer


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