Higher contributions can be expected in the future and asset allocation makes a difference, according to firms that track defined benefit plan funded status.
Until guidance is issued about transferring amounts to state unclaimed property funds, plan sponsors will have to rely on the limited guidance already given.
Lifetime income projections, offering more control over assets and education about annuity pricing will help participants be more receptive to in-plan annuities.
Part-time employees that will be entering retirement plans under SECURE Act provisions might not have had any experience in saving and planning for retirement.
Health care organizations face an uphill battle financially, but the right strategies for investing and controlling PBGC premiums can help them get to the other side.
The effects of the COVID-19 pandemic slowed pension risk transfer activity earlier in the year, but economic factors for transactions remain favorable and Q4 could be a record...
There is less risk when a plan sponsor pays retirement plan fees, but that doesn’t necessarily mean the benchmarking should be different than if participants pay.
The SECURE Act’s requirement to let part-time employees join 401(k)s demands a process for counting hours and creates opportunities to review other procedures.
A decline in equity markets caused funded status to decrease during the month, and firms say DB plan sponsors should prepare for more market volatility through the end...
Industry experts say one key takeaway is the importance of having a retirement plan committee that reflects the diversity of the participant population.
The COVID-19 pandemic was a test for provider relationships. Did plan sponsors see their providers as real partners or did they see a change was needed, and how...
The COVID-19 pandemic has accelerated what was already an emerging goal for the retirement planning industry: helping participants prepare for short-term financial challenges as a means to create...
Plan sponsors need to consider the effects of the COVID-19 pandemic on their businesses and participants before implementing a re-enrollment next year.