Coronavirus News for Plan Sponsors
The latest news about market volatility, benefits and business updates, and legislative and regulatory actions.
Tag: defined benefit (DB) plans
IRS Issues 2020 Cumulative List for Pre-Approved DB Plans
Among other things, items on the cumulative list include changes related to the Supreme Court DOMA ruling, hardship withdrawal changes...
Could DB Plan Sponsors Have Seen a Greater Funded Status Increase in 2019?
Contributions to large pension plans plunged in 2019, nearly matching their lowest point in the past 15 years, according to...
Reasons NOT to Offload DB Plans
Before following the crowd, DB plan sponsors should look at the cost to maintain their plan relative to the company’s...
What to Know About DB Plan Administration
Plan sponsors should understand the components of administration, the interplay of providers and on what duties sources say sponsors are...
Fees Significantly Vary Performance for Public DB Private Equity Investors
A report from Stanford University and Harvard Business School researchers provides food for thought about fee negotiations with private equity...
Hilton Hotels Allegedly Has Vesting Issues
The hotel chain is being sued for not using a court-ordered equivalency method for calculating vesting service to participants in...
Court Advances Suit Regarding Delta Air Lines’ Offset of Pension Benefits
It was found that the pension plan committee did not reasonably interpret the plan when it offset pension benefits for...
DB Plan Sponsors Turn to Private Markets for Return
It is critical to choose the right investments and managers.
Outdated Mortality Assumptions Case Survives Motion to Dismiss
A U.S. District Judge's decision suggests pension plan sponsors should periodically review the reasonableness of actuarial assumptions used to calculate...
Low Interest Rates, Coronavirus Deal Blow to DB Plan Funded Status
Plans with the greatest exposure to equities will generally see the largest funded status declines, according to River and Mercantile.
Litigators Put Mortality Assumptions Under the Microscope
Lawsuits continue to be filed across the United States that accuse large, well-known employers of using severely outdated mortality data...
Don’t Put Your Head in the Sand Because of Cash Balance Liability Complexity
Cash balance plans may have the most complex liabilities to manage, but creating a clear strategy to manage risks will...
$10M Settlement Agreement Filed in Berkshire Hathaway Pension Lawsuit
Much of the settlement value is tied into a new pension funding formula Berkshire Hathaway will use for certain employees...
State and Local Pensions Share Their Own Best Practices
Respondents to an NCPERS survey shared success stories, strategies for reducing liabilities and “other” investments they use.
Lockheed Martin Makes Pension Buyout Transaction
This is the third pension risk transfer action the company has implemented.
PBGC Issues Premium Filing Instructions for 2020 Plan Years
Premiums have gone up, and the agency says it has simplified reporting requirements for risk transfer activities.
Most DB Plans Saw Little Funded Improvement in 2019
Plan sponsors will need to consider whether in 2020, as in 2019, stock market returns will be great enough to...
Opinions |
Are You Investing With the Right Objective in Mind?
Ryan McGlothlin and Michael Clark, with River and Mercantile, say it’s imperative to first understand the nature of future cash...
McClatchy Cuts Back on Executive Benefits Due to Pension Distress
The media company has asked for legislative relief and is in discussions with the PBGC about a distress termination of...