PLANSPONSOR Weekend Newsdash
Week ending September 22nd, 2017

Hello, PLANSPONSOR readers! This week’s focus is on defined benefit (DB) plans. The Pension Benefit Guaranty Corporation (PBGC) is proposing some changes to Form 5500 reporting for DB plans. MassMutual has launched a service to gauge DB plan health. Increasing PBGC premiums are leading more DB plan sponsors to accelerate funding to their plans as well as consider de-risking actions. And, speaking of de-risking, a state DB plan is trying a move often reported by corporate pension plan sponsors. In multiemployer plan news, a court has determined that a fund in critical status can impose more than just withdrawal liability on a withdrawing employer. Enjoy this edition of PLANSPONSOR Weekend!

Editor's choice
PBGC Proposes Changes to Form 5500 Reporting by DB Plans
The agency is proposing two modifications for multiemployer plans and one modification for single-employer plans. Read more >
MassMutual Launches Tool to Gauge DB Plan Health
As part of the analysis of pension investments, the PensionSmart Analysis tool can examine different investment “glide path” options to help sponsors achieve specific goals related to funding and liability matching. Read more >
PBGC Premiums Driving DB Plan Sponsors to Fund, De-Risk
“Companies feel that the time is right to reduce or eliminate their pension funding shortfalls.” says Matt McDaniel, partner, Mercer. Read more >
MOSERS Announces Lump-Sum Offering for Certain Members
The state is trying a pension risk transfer option commonly used by corporate plan sponsors. Read more >
Court Finds Multiemployer Plans Can Impose More Than Withdrawal Liability on Employer
The 11th U.S. Circuit Court of Appeals ultimately determined there is no explicit restriction saying a critical-status multiemployer plan’s board of trustees cannot charge withdrawing employers for their share of the plan’s accumulated funding deficiency. Read more >
House Committee Advances Bill to Establish Union Pension Lifeline Program

The legislation aims to establish a 30-year loan program and new financial assistance for financially troubled multiemployer pension plans.

The Senate Math That Could Block SECURE Act
Senate floor time is at a premium ahead of the 2020 presidential election—so much so that even legislation that passed the House with a near-unanimous bipartisan vote is not guaranteed to become law.
Open MEPs Not for Every Plan Sponsor
If legislation passes to allow for open multiple employer plans (MEPs) for plan sponsors without a common nexus, experts believe they will offer benefits to plan sponsors, but there would be some considerations to explore before joining one.
Adidas Sued Over Excessive Fees for 401(k) Participants

Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively managed funds offered in the plan.

Employers Encouraged to Offer Multi-Dimensional Wellness Programs

Among those that include physical, social, financial, community and mental health, employee productivity is higher.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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