Principal Integrates Businesses With Renewed Focus on Retirement
Owais Rana was promoted to head of investment solutions for Principal Asset Management, which is merging previously separate businesses.
Tag: defined benefit retirement plans
Defined Benefit Plans Posted Worst Performance Since 2008 Crisis Last Year
But performance for defined benefit plans did rebound in Q4, according to a new report.
Construction Company Lawsuit Targets Its Retirement Plan Providers
The lawsuit filed by Martone Construction claims its retirement plan providers ignored requested investment trades and claimed that trading was...
Church-Exemption Ruling Could Have Wide Implications
A federal district court judge has widened the exemption to include an N.J. hospital in a lawsuit remanded back to...
Worldwide Pension Assets Fell in 2022, to Lowest Level in 15 Years
The decline for pension assets was the largest since the financial crisis of 2008, new data shows.
Lawsuit Accuses Conagra of Shirking Pension Benefits
An ERISA complaint against the Conagra pension plan claims the fiduciary and plan administrator are ignoring distribution rules laid out...
U.S. Corporate Pension Funding Remains Largely Unchanged in January
Funding levels improved most for pension funds that have significant weighting towards equities, said Agilis.
Pre-Retirees Less Confident Their Retirement Income Will Last to Age 90
Confidence among pre-retirees that they will receive enough income from all their accumulated retirement sources to cover basic living expenses...
U.S. State, Municipal Pensions Saw Funding Statuses Fall 6.6% in 2022
The Equable Institute released its final 2022 projections for U.S. state and local public pensions funding status, revealing the best—and...
Key Actuarial Changes for Public Pension Plans in 2023
The Actuarial Standards Board approved changes for public pension plans’ investment portfolio risk assessments, disclosures of employer contributions and investment...
Corporate Pension Funding Marginally Retreated From Levels To End 2022
December equity performance reduced pension funding levels from highs earlier in the year.
Ibuprofen Stock Surges as Plan Sponsors Read New DB Plan Rules in SECURE
SECURE 2.0 makes several regulatory and disclosure changes for DB plans.
USI Offers Employers Strategies for Addressing Impact of Rising Health-Care Costs
The USI Insurance Services 2023 Employee Benefits Market Outlook Report outlined employer strategies to reduce the impact of rising health-care...
MassMutual Promotes New CIO for General Investment Account
Eric Partlan, MassMutual’s head of portfolio management, will replace retiring CIO Tim Corbett.
CDC Data Shows Increased Deaths and Lower Life Expectancy in 2021
However, the separate actuarial tables used for retirement planning and services may not follow the trend.
Two More Struggling Union Plans Receive PBGC Assistance
The plans combine to cover more than 10,000 participants, and their aggregate PBGC assistance adds up to more than $700...
Corporate Pension Plan Funding Remains Up in 2022, Despite November Drop
The funding status of corporate pensions in the U.S. was down narrowly in November, as liability growth outweighed investment gains.
EBSA Collects $1.4 Billion, Largely from Enforcement, in 2022
More than $500 million of the recoveries returned to defined benefit plan participants.
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New Plan-Design Summary Tool For Retirement Plan Sponsors, Service Providers
The tool was launched to streamline retirement plan onboarding and to save users time in the process.
Florida CFO Divests $2 Billion of State Assets in ESG Dispute With BlackRock
The Florida CFO follows several states that have also removed funds from management by BlackRock because they argue environmental, social...