Largest DB Plans Move to Fixed Income and Continues to Derisk
During 2018, the $20 billion club shifted asset allocations significantly away from risky assets and into fixed income, Russell Investments found.
Tag: DB plan contributions
Discuss Accelerating Contributions With DB Plan Sponsor Clients
Contributing more than the minimum required for 2017 by the September 15 deadline will result in a higher deduction for plan sponsors, and continuing to accelerate funding in the future can minimize PBGC costs, improve funded status and mitigate higher required contributions in coming years.
Weyerhaeuser Reveals Plans to Reduce Pension Liabilities
The company will offer a lump-sum distribution window to certain participants and transfer certain retiree assets to a group annuity.
DB Plan Sponsor Owes Taxes for Miscalculating Annual Benefit Limitation
A tax court found that the Commissioner of Internal Revenue’s report, which was prepared by an actuary, was in line with actuarial practice in calculating the annual benefit limitation, which drives DB plan contribution amounts, while the plan sponsor's report, not prepared by an actuary, was not. A federal appellate court agreed with this.
DB Plans Have Been Helped by Funding Relief
A study found DB plans that used the smoothed discount rates under current law had a much lower unfunded liability than plans that did not.