PLANSPONSOR Weekend Newsdash
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 >
MOST POPULAR STORIES
New Financial Audit Rule Increases Requirements for Plan Sponsors
Plan sponsors will be required to provide much more data, as well as certifications about plan administration and governance, and limited-scope audits will no longer be so limited.
2021 Recordkeeping Survey
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
DOL Proposes New Rule on ESG Investing in Retirement Plans

The agency says the proposal seeks to emphasize that climate change and other ESG factors can be financially material and that considering these elements can lead to better long-term risk-adjusted returns.

New Complaint Targets TIAA’s Managed Account Rollovers

Earlier this year, the firm settled similar charges from the SEC and the New York attorney general accusing it of making inaccurate and misleading statements to rollover clients.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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