Compliance | June 28th, 2018 R.I. Governor Signs Bill to Facilitate Settlement of Church Plan Suits A newly filed challenge to St. Joseph Health Services of Rhode Island’s retirement plan claims the plan at some point...
Compliance | June 22nd, 2018 Prospect Chartercare Faces Lawsuit Over DB Plan Funding The complaint alleges that at a certain point, the plan lost its church plan status as defined by ERISA and...
Administration | June 18th, 2018 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...
Administration | June 8th, 2018 Interest Rates Temper DB Funded Status Improvements in May “The pattern of improvement paused last month owing to a dip in discount rates, but aggregate funded status remains near...
Data and Research | May 29th, 2018 More Than $6 Billion in Additional Pension Contributions Made Since Tax Reform Although increasing pension contributions was not a primary consideration in the decision to lower the corporate tax rate in the...
Compliance | May 21st, 2018 Plan Sponsor Interpretation Must Be Given Deference in Lawsuits Challenging Plan Terms The 6th Circuit noted that Firestone Tire & Rubber Co. v. Bruch, in which an arbitrary-and-capricious standard of review is...
Administration | May 9th, 2018 FedEx Transfers Some Pension Obligations to MetLife According to MetLife, the pension risk transfer (PRT) agreement involves pension obligations of $6 billion.
Investing | May 9th, 2018 BNY Mellon Master Trust Universe Sees First Negative Result in 10 Quarters Corporate and health care plans fared the worst, with quarterly returns of -1.14% and -0.71%, respectively.
Administration | May 9th, 2018 Increased Interest Rates Boost DB Plans’ Funded Status in April Firms that track defined benefit (DB) plan funded ratios also noted that slight gains in equity markets improved plans’ funded...
Investing | May 8th, 2018 Institutional Investor Returns Pulled Down by Market Losses Wilshire TUCS first quarter returns were weighed down by losses across all major asset classes.
Administration | May 8th, 2018 State Pension Plans Reverse Two Consecutive Years of Return Declines “A primary driver of the improvement in the funding ratio was the increase in global equity values for the 12-month...
Administration | May 8th, 2018 Options for Unaffordable Pensions: Funding Waivers and In-Kind Contributions In Part II of a series, Michael Kreps and Mark Carolan of Groom Law Group discuss funding waivers and in-kind...
Administration | May 2nd, 2018 Pension Funded Status Jumped in April on Higher Treasury Rates Data provided by LGIMA suggests the average U.S. pension plan’s funding ratio increased a full 2% during the month of...
Compliance | April 25th, 2018 Court Affirms DB Plan Sponsor Owes Excise Taxes on Non-Deductible Contributions A federal appellate court agreed with the Commissioner of Internal Revenue that Pizza Pro Equipment Leasing incorrectly calculated the limitation...
Products | April 24th, 2018 MassMutual Introduces New Report to Guide DB Plan Sponsors The quarterly Defined Benefit Market Update and Commentary is designed to support DB plan sponsor clients and potential clients in...
Compliance | April 23rd, 2018 PBGC Modifies Forms and Instructions for Distress Terminations Plan sponsors now have the opportunity to contact the agency for a pre-filing consultation to discuss the filing process and...
Investing | April 19th, 2018 Institutional Investors Could Enhance Returns With Better Vehicle Selection “Portfolio managers and their trading desks primarily choose [investment] instruments based solely on personal experience rather than through an analytical...
Benefits | April 19th, 2018 Hearing Witnesses Lay Out How Multiemployer Pensions Got Where They Are “A combination of economic, demographic, and regulatory changes have placed a small but material segment of these plans at risk,”...
Administration | April 17th, 2018 Study Finds Different Paths for Corporate and Public Pensions Corporate plans are winding down as public plans are strengthening themselves for the long run.
Administration | April 10th, 2018 Pensions Keep Funded Status Increase for the Year So Far Despite two months in a row of funded status losses, most firms that track pension funding find the average funded...