Administration | August 9th, 2018 Equity Returns Pull Average Pension Funded Ratios Up in July DB plan funded status reached a five-year high in July.
Investing | August 7th, 2018 Institutional Investor Returns Rebound From Q1 2018 Institutional assets tracked by Wilshire Trust Universe Comparison Service (Wilshire TUCS) posted an all-plan median return of 0.88% for second...
Investing | July 31st, 2018 Your DB Funded Status Has Improved? Now What? Corporate DB plans have experience funded status improvement, and LDI strategies help plan sponsors preserve this; however, investment committees are...
Investing | July 10th, 2018 ‘Hibernation’ the Next Step for DB Plan Investing As more marketable obligations—such as those for in-pay retirees—are transferred to insurers, residual DB plans will have unusual and idiosyncratic...
Administration | July 9th, 2018 June DB Plan Funded Status Virtually the Same as May However, firms that track DB funded status report 2% gains for the quarter and up to 6% for the year.
Compliance | June 28th, 2018 R.I. Governor Signs Bill to Facilitate Settlement of Church Plan Suits A newly filed challenge to St. Joseph Health Services of Rhode Island’s retirement plan claims the plan at some point...
Compliance | June 22nd, 2018 Prospect Chartercare Faces Lawsuit Over DB Plan Funding The complaint alleges that at a certain point, the plan lost its church plan status as defined by ERISA and...
Administration | June 18th, 2018 PSNC 2018: Rules, Regulations and Other Factors Affecting DB Funding Strategies A partner at Ivins, Phillips & Barker discusses why defined benefit plan sponsors should consider accelerating their funding—and how to...
Administration | June 8th, 2018 Interest Rates Temper DB Funded Status Improvements in May “The pattern of improvement paused last month owing to a dip in discount rates, but aggregate funded status remains near...
Data and Research | May 29th, 2018 More Than $6 Billion in Additional Pension Contributions Made Since Tax Reform Although increasing pension contributions was not a primary consideration in the decision to lower the corporate tax rate in the...
Compliance | May 21st, 2018 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...
Administration | May 9th, 2018 FedEx Transfers Some Pension Obligations to MetLife According to MetLife, the pension risk transfer (PRT) agreement involves pension obligations of $6 billion.
Investing | May 9th, 2018 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.
Administration | May 9th, 2018 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...
Investing | May 8th, 2018 Institutional Investor Returns Pulled Down by Market Losses Wilshire TUCS first quarter returns were weighed down by losses across all major asset classes.
Administration | May 8th, 2018 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...
Administration | May 8th, 2018 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...
Administration | May 2nd, 2018 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...
Compliance | April 25th, 2018 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 | April 24th, 2018 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...