Wilshire Consulting Releases Wilshire Mobile

October 30, 2014 (PLANSPONSOR.COM) – Wilshire Consulting announced the launch of Wilshire Mobile, a new suite of mobile applications (apps) increasing the availability of important retirement plan data and benefits news for clients.

The mobile tool has four main features:

  • Asset and Liability Monitor – This app gives clients who sponsor corporate defined benefit plans the ability to monitor the funded-status of their plans on a daily, monthly, or quarterly basis. It provides asset, liability, and funded ratio information over specified time periods and frequencies, including charting capabilities showing the movement in these statistics and interest rate fluctuations over time.
  • Investment Research – Via this app, clients are provided with access to Wilshire’s white papers and monthly and quarterly capital market perspectives, as well as a history of these reports and papers.
  • Manager News – Weekly Wilshire Manager News Alerts containing timely updates on investment managers are available through this app, along with a search engine giving clients the ability to input the name of a firm or manager and view a responsive list of all relevant News Alerts previously issued.
  • Performance and Risk Reports – With this app clients can access Quarterly Performance Books and Executive Summaries, as well as monthly Flash reports. Clients are given access to a brief history of these reports, and monthly and quarterly risk reports.

“We are always looking for ways to further enhance the value of our service to our clients and determined it was important to develop proprietary apps that would provide them with the continuous access to valuable information from any location with an internet connection,” says Julia Bonafede, president, Wilshire Consulting. “Wilshire Consulting clients may start accessing Wilshire Mobile immediately. Based on beta testing with several clients, we expect quick adoption of its use.”

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PBGC Announces 2015 Premium Rates

October 30, 2014 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) has updated its website with premium rates for 2015.

The per-participant flat premium rate for plan years beginning in 2015 is $57 for single-employer plans (up from a 2014 rate of $49) and $13 for multiemployer plans (up from a 2014 rate of $12).

For plan years beginning in 2015, the variable-rate premium (VRP) for single-employer plans is $24 per $1,000 of unfunded vested benefits (UVBs), up from a 2014 rate of $14. This $10 increase was provided in The Bipartisan Budget Act of 2013. The VRP rate is also subject to indexing, but due to statutory rounding rules, indexing had no effect on the 2015 VRP rate.

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For 2015, the VRP is capped at $418 times the number of participants (up from a 2014 cap of $412). Plans sponsored by small employers (generally fewer than 25 employees) may be subject to an even lower cap. Multiemployer plans do not pay a VRP.

The Bipartisan Budget Act of 2013 calls for the VRP rate to increase another $5 starting with 2016 (on top of indexing).

More information about PBGC premium rates is at http://www.pbgc.gov/prac/prem/premium-rates.html.

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