Tag: multiemployer pension plans

Consultants share what they see driving their clients’ defined benefit plan decisionmaking.

The aggregate market value funded percentage for U.S. defined benefit multiemployer plans is estimated at 100% as of June 30,...

The PBGC approved the funds for the White Plains, New York-based plan that covers 91,744 participants in the hospitality industry.

PBGC okays grants totaling almost $250 million for Laborers Local No. 265, Teamsters Local 734 and the IUOE Upstate NY...

Support is approved for Teamsters Local 111, Marine Carpenters Fund, UFCW Tri-State Plan and I.B.E.W Pacific Coast Fund.

Aid to Michigan-based fund will benefit it more than 22,000 participants. 

The $221 million transaction will secure pension benefits for retirees and beneficiaries at Sound Retirement Trust, a multiemployer plan for...

The Newspaper Drivers Local 473 Plan will receive funding under the federal Special Financial Assistance Program.

The firm saw a 15% increase in total assets, compared with the same period in 2023.

The refund is the second such settlement related to overpayment of Special Financial Assistance due to the inclusion of deceased...

Voya Adds Two New MEP Roles; Congruent Creates Chief Revenue Officer Role; PCS Hires Kirtland to lead business development; and...

Advertised as a more cost-efficient and less burdensome way for small employers to offer a retirement plan, pooled solutions may...

Representatives from two different companies explain the process by which their firms chose their respective multiple employer retirement solutions.

Improvement is primarily due to SFA grants and asset performance, Milliman finds.

Boilermaker-Blacksmith National Pension Trust claims arbitrator Richard C. McNeill Jr. incorrectly ruled that GE satisfied the building and construction industry...

This could be a reason to lower premiums, though insurance conditions have been volatile before.

Guarantee levels for single-employer plans will rise with inflation, but multiemployer plans are not indexed.

Lawyers for the plaintiff, a third-party administrator, alleged identical claims against each defendant.

The NYC-based plan will receive about $20 million to restore its solvency through 2051.