Products October 8, 2012

Castle Rock Launches Fee Disclosure Review Service

October 8, 2012 (PLANSPONSOR.com) – Castle Rock Investment Company rolled out the Fee Disclosure Review Service to assist plan sponsors with 408(b)(2) compliance.
Reported by

Through the service, plan sponsors are provided with a review of the 408(b)(2) disclosures received from the covered service providers to the responsible plan fiduciaries for completeness; written certification of the results; a fee benchmarking report to assist in determining reasonableness of plan costs; and a one-hour consultation to review the documentation and additional steps if necessary.

The Fee Disclosure Review Service is available for a one-time fee of $1,250. For more information, contact Michele Suriano at msuriano@castlerockinvesting.com or at 303-725-7086.

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Administration October 8, 2012

Pension Settlement Costs Lower for Second Month

October 8, 2012 (PLANSPONSOR.com) – The Dietrich Pension Risk Transfer Index, which tracks the relative attractiveness of annuitizing pension liabilities, increased for the second month.
Reported by

As of October 1, the Index sits at 81.99, up from 81.33 as of September 1. The increase in the index was driven mainly by an improvement in pension funding levels. The annuity discount rate proxy embedded within the index rose to 2.54%.  

Corporate pensions have seen two consecutive months of funding improvements (see “Pensions See $45B September Increase in Funding”).  

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The index considers three key underlying financial ratios: funded status level (50% index weight), current /historical annuity rates (30% index weight) and annuity rates versus Treasury and Corporate Bonds (20% index Weight).  

The Dietrich Pension Risk Transfer Index can be found at https://www.dietrichassociates.com.

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