Markets are rebounding, but discount rates used to measure liabilities are falling, and pension consultants wonder if pending legislation will provide funding relief for plan sponsors.
Experts expect the market volatility will continue for an unknown amount of time, so DB plan sponsors must be flexible and find new directions depending on the goals...
Nontraditional retirement plan providers suggest plan design will be more driven by behavioral finance and participant communications and advice will evolve.
Many features are working to help DC plan participants grow their savings, so it’s time to look at investments for the next element of design evolution.
The benefits of keeping assets in the plan should be communicated to retirees, and plan sponsors should adjust design to accommodate income strategies.
DB plan sponsors are weighing their options for pension risk transfers and trying to balance what’s best not just for their finances, but for those of their participants.
The effects of the COVID-19 pandemic have plan sponsors contemplating what to do about scheduled re-enrollments, the (RFP) process and fund mapping during recordkeeper conversions.
The coronavirus pandemic has revealed the fragility of retirement security in our current landscape and sparked conversation about design and policy needs.
Financial wellness programs and broader use of auto-enrollment in DC plans could help public sector employees who are missing out on a major source of retirement income.
The growing need for public-sector employees has retirees willing to return to work, but limitations on public pensions and Social Security may deter them.
Firms that track DB plan funded status offer considerations for plan sponsors and note that how sponsors position themselves will determine future costs and contributions.