Plan Sponsor Interpretation Must Be Given Deference in Lawsuits Challenging Plan Terms
The 6th Circuit noted that Firestone Tire & Rubber Co. v. Bruch, in which an arbitrary-and-capricious standard of review is...
Tag: defined benefit (DB) plans
FedEx Transfers Some Pension Obligations to MetLife
According to MetLife, the pension risk transfer (PRT) agreement involves pension obligations of $6 billion.
BNY Mellon Master Trust Universe Sees First Negative Result in 10 Quarters
Corporate and health care plans fared the worst, with quarterly returns of -1.14% and -0.71%, respectively.
Increased Interest Rates Boost DB Plans’ Funded Status in April
Firms that track defined benefit (DB) plan funded ratios also noted that slight gains in equity markets improved plans’ funded...
Institutional Investor Returns Pulled Down by Market Losses
Wilshire TUCS first quarter returns were weighed down by losses across all major asset classes.
State Pension Plans Reverse Two Consecutive Years of Return Declines
“A primary driver of the improvement in the funding ratio was the increase in global equity values for the 12-month...
Options for Unaffordable Pensions: Funding Waivers and In-Kind Contributions
In Part II of a series, Michael Kreps and Mark Carolan of Groom Law Group discuss funding waivers and in-kind...
Pension Funded Status Jumped in April on Higher Treasury Rates
Data provided by LGIMA suggests the average U.S. pension plan’s funding ratio increased a full 2% during the month of...
Increased Savings Rates and Auto Escalation Can Boost Retirement Income
Those who are contributing less than 3% to a retirement plan are on track to replace 59% of their income...
Court Affirms DB Plan Sponsor Owes Excise Taxes on Non-Deductible Contributions
A federal appellate court agreed with the Commissioner of Internal Revenue that Pizza Pro Equipment Leasing incorrectly calculated the limitation...
Products |
MassMutual Introduces New Report to Guide DB Plan Sponsors
The quarterly Defined Benefit Market Update and Commentary is designed to support DB plan sponsor clients and potential clients in...
PBGC Modifies Forms and Instructions for Distress Terminations
Plan sponsors now have the opportunity to contact the agency for a pre-filing consultation to discuss the filing process and...
DB Plans Accelerating Contributions Due to Tax Reform
This enables corporations to expense their contributions at a higher tax rate, according to Cerulli.
Institutional Investors Could Enhance Returns With Better Vehicle Selection
“Portfolio managers and their trading desks primarily choose [investment] instruments based solely on personal experience rather than through an analytical...
Benefits |
Hearing Witnesses Lay Out How Multiemployer Pensions Got Where They Are
“A combination of economic, demographic, and regulatory changes have placed a small but material segment of these plans at risk,”...
Employees Desire Retirement Education and Coaching
Nearly half would like a digital retirement coach, an Accenture survey found.
Court Finds DB Plan Change Does Not Violate ERISA or ADEA
Northern Trust amended its benefit formula in 2012 and provided a transitional benefit that assumed salary increases of 1.5% per...
Study Finds Different Paths for Corporate and Public Pensions
Corporate plans are winding down as public plans are strengthening themselves for the long run.
Products |
IRS Approves Wagner Law’s Volume Submitter DB Pension Plan
This is a pre-approved plan that meets IRS requirements.
Pensions Keep Funded Status Increase for the Year So Far
Despite two months in a row of funded status losses, most firms that track pension funding find the average funded...