Administration | March 1st, 2024 Kodak Outsources Management of Overfunded US Pension Plan NEPC will manage the outsourced assets, as Kodak considers how to 'maximize the value of the over-funding.'
Benefits | January 8th, 2024 3M to Freeze US Pension Plans for Nonunion Employees Pension-eligible employees will still accrue benefits under the pension plans until the 2028 freeze date.
Benefits | December 1st, 2023 Will IBM Resurrection of Cash Balance Plan Cause a Ripple Effect? With more plan sponsors maintaining overfunded pension plans, some analysts argue that reopening a defined benefit plan, as IBM plans...
Participants | October 30th, 2023 Tentative UAW Deals See Major Benefit Increases for Workers While the United Auto Workers will not see the restoration of defined benefit pension plans, they are likely to see...
Data and Research | August 7th, 2023 Government Workers Leaving Jobs Face Setbacks When Saving for Retirement The majority of state retirement systems do not provide adequate retirement savings to departing employees, according to data from the...
Investing | June 13th, 2023 US Pension Funded Status Continues to Improve in May A drop in liabilities outweighed poor asset performance in May, causing funded status to modestly increase, according to firms’ analysis.
Data and Research | June 7th, 2023 Retirement Racial Wealth Gap Disproportionately Impacts Black, Hispanic Americans Debt and lack of access to a pension plan can make it especially difficult for Black and Hispanic Americans to...
Benefits | June 1st, 2023 PPG Agrees to $309M Pension Risk Transfer Deal The transaction with Legal & General and RGA is intended to secure the retirement benefits of more than 4,000 PPG...
Data and Research | May 25th, 2023 Pension Risk Transfers Continue to Skyrocket in Q1 PRT sales have broken records yet again, as the market grew another $6.3 billion in the first quarter of this...
Data and Research | May 22nd, 2023 DB Plans Report High Returns in Q1 2023 After a poor performance in 2022, defined benefit plans are reporting positive returns so far this year as bond markets...
Data and Research | May 12th, 2023 Trends Show Corporations Reducing Contributions to Pension Funds While some companies have disclosed low intended contributions to their pension plans this year, some analysts expect a reversal in...
Investing | May 10th, 2023 Pension Funded Status Improves in April Thanks to Strong Equity Performance U.S. corporate pension plans’ funded levels improved marginally in April, and many are inching toward full funding, according to analyst...
Data and Research | May 2nd, 2023 New NIRS Report Details Alaska Public Worker Exodus After Switch to DC Plan The 2005 move led to increased turnover in employees enrolled in Alaska’s TRS and PERS retirement plans, the study found.
Benefits | April 26th, 2023 October Three’s New Plan Design Includes Guaranteed Lifetime Income The consulting firm announced the launch of its new retirement solution, O3 Prime, which offers a 401(k) account in tandem...
Investing | April 18th, 2023 DC Council Expects Increase in Real Estate Investing Real estate allocations can strengthen participant outcomes and reduce volatility, according to the Defined Contribution Real Estate Council.
Benefits | March 1st, 2023 Cash Balance Plans Gain in Popularity Combining features of DB and DC plans, these hybrids especially appeal to small and midsize businesses.
Compliance | January 3rd, 2023 What Does SECURE 2.0 Mean for Cash Balance Plans? SECURE 2.0 will make backloading easier and clarify the test process.
Benefits | September 27th, 2022 Report Shows Different Spending Patterns by Retirement Plan Type The research demonstrates that public-sector workers tend to feel safer spending more when they have a defined benefit retirement plan...
Data and Research | September 6th, 2022 US Pension Buyout Sales Jump 148% in Second Quarter Several tailwinds are driving record growth in the pension risk transfer market.
Data and Research | August 11th, 2022 Modest Changes to Corporate DB Plans’ Funded Status Seen in July Higher stock prices were partially offset by a drop in discount rates.