Week ending June 22nd, 2018 Defined benefit (DB) plans have not disappeared. Many plan sponsors are struggling to keep their DB plans alive and well-funded, despite moves by regulators and legislators that bump up costs. Other DB plan sponsors are facing difficult decisions about what to do with their plans—keep them, freeze them, close them or transfer the risk to an insurer. And, as many multiemployer plans are facing dire situations, a new Congressional committee is seeking answers to solve the dilemma. PLANSPONSOR is keeping tabs on trends and tips for DB plan sponsors.
Editor's choice Administration PSNC 2018: Rules, Regulations and Other Factors Affecting DB Funding Strategies A partner at Ivins, Phillips & Barker discusses why defined benefit plan sponsors should consider accelerating their funding—and how to do so.Read more > Administration PSNC 2018: Pension Risk Transfer Options DB plan sponsors want to keep control of their plans as they de-risk.Read more > Compliance PBGC Report Shows Dire Status for Multiemployer Plan Insurance Program The likelihood the program will remain solvent after FY 2026 is now less than 1%.Read more > Compliance Long-Term Loans Seen As Solution for Multiemployer Pension Crisis Senator Sherrod Brown calls it imperative “to find a bipartisan solution to the crisis threatening 1.3 million Americans.”Read more > Compliance Appellate Court Rejects Bank of America Participants’ Claim for More Relief Noting that the bank already made restitution to the participants under an IRS closing agreement, the 4th Circuit agreed with a lower court that the bank did not profit from its transfer of 401(k) assets to create a cash balance plan.Read more >
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