Court Dismisses ERISA Actuarial Equivalence Lawsuit
The ruling, issued in favor of Partners Healthcare System, offers a substantial legal analysis of ERISA’s requirements as they pertain...
Tag: Defined Benefit
Understanding PRT: Administrative and Fiduciary Considerations
One important distinction to make when considering a pension risk transfer is the difference between fiduciary and settlor functions.
Principal Completes Wells Fargo Custody Client Transitions
With the integration completed, Principal Custody Solutions now serves nearly 3,000 institutional clients representing more than $1 trillion in assets.
With Pandemic Lessons Learned, Institutional Investors Gear Up for 2022
The first year of the pandemic was defined by a flight to safety, while 2021 brought a risk-on stance and...
Benefits |
Defined Benefit vs. Defined Contribution: Understanding the Costs of Each
There are instances where a DB plan is the more cost-effective option, but experts say the trend of lower DC...
State and Local Government Workers’ Annuity Preferences
Virtually all state and local workers are offered a single- and joint-life annuity, while about 40% are offered a period...
Citgo Annuity Conversions Challenged in ERISA Lawsuit
Echoing similar complaints filed against other large employers, the plaintiffs claim Citgo is failing to pay the full promised value...
Ascensus Leader Discusses New Private Equity Backing
Ascensus CEO David Musto says the deal is about continuing to invest in new capabilities, technology and solutions.
Benefits |
It’s Back to Basics for Benefits Priorities
Prior to the pandemic, ultra-low unemployment put a spotlight on ‘lifestyle benefits’ for employees. The COVID-19 downturn has already shifted...
Senators Question a Policy Reversal to Allow Lump-Sum Payouts to Retirees
Murray and Wyden’s letter to the IRS and Treasury asks why employers will be permitted to offload pension liabilities and...
Managing Growing PBGC Premiums
How do plan sponsors do that, and have they already taken steps to do so?
Senator Murray Reintroduces ‘Women’s Pension Protection Act’
The legislation would strengthen consumer protections, improve access to retirement savings plans for part-time workers, help increase women’s financial literacy,...
Institutional Investors Entering New Asset Classes, Paying Less in External Fees
Cost reductions are evident across asset classes—not just in equity.
Demand Growing for OCIO and PRT Services
Greg Calnon, with Goldman Sachs Asset Management, discusses how outsourced chief investment officer solutions are moving into the DC plan...
Sponsors’ Unique Objectives Guide Retirement Income Discussions
“There is a lot of value in having conversations about retirement income that are not just product driven,” said Josh...
6th Circuit Asks District Court to Consider Plan Reformation in Chrysler Lawsuit
A plan participant relied on language in the SPD regarding eligibility for benefits, and the appellate court found the SPD...
IRS Again Extends Closed DB Plan Nondiscrimination Relief
The IRS and the Treasury Department have extended nondiscrimination relief for closed defined benefit plans for an additional year.
BNY Mellon Master Trust Index Highlights Yearly Growth
Despite something of a tepid second quarter, pension plans have enjoyed a strong year of growth.
DC Plan Priorities Make ESG More Palatable
One reason DC plans are outpacing DB plans in terms of ESG adoption has to do with a difference in...
Products |
Milliman Aims for Reinvigorated Growth by ‘Bringing Together’ DC and DB Businesses
In creating a unified sales and service structure for DC, DB, multiemployer and association retirement plans, the firm wants to provide...