Private Real Estate Funds Are Up 7.4%. Can More DC Participants Get a Foot in the Door?
Private real estate investments typically only available for institutional and wealthy investors can be a stable hedge against inflation and volatility. They’re available for DC retirement plans, but uptake so far has been slow.
Helping DB Plan Sponsors Consider Risks for Their Portfolios
New York State Fines Pacific Life for PRT Violations
The company was penalized for violating state law by conducting an unlicensed insurance business.
DB Plans Should Invest to Achieve Set Objectives in 2022
Protecting funded status, addressing inflation risk, adding value, and more are among suggestions from consultants and asset managers.
Cash Balance Plans More Popular With Smaller Plan Sponsors
An analysis from October Three also finds certain industries are more drawn to the plan design that is viewed as less risky than traditional DB plans.
Defendants in Outdated Mortality Table Suit Agree to Benefit Recalculations
The suit against fiduciaries of a Huntington Ingalls Industries pension plan has reached a settlement that includes a $2.8 million payment.
PRT Activity Anticipated to Increase Within the Decade
Several factors will likely drive more mid-market and large plan sponsors to initiate pension risk transfer (PRT) transactions, surveys show.
Lawsuit Accuses Sponsor of DuPont Pension Plan of ‘Sleight of Hand’
Plan fiduciaries are accused of misleading participants in benefits communications and interfering with benefits by arbitrarily assigning them the status of 'terminated' due to a spinoff.
IRS Provides Guidance on New Funding Relief Rules for Single-Employer DB Plans
Among other things, it explains the manner and timing of making elections under the American Rescus Plan Act (ARPA), as well as the flexibility to redesignate contributions between plan years.
Former Employee Claims DuPont Misled Him About Benefits Availability
A federal judge has found it plausible that DuPont was misleading, based on benefits notices sent to the former participant.
New Stimulus Package Includes Help for DB Plan Sponsors
Both single-employer plans and multiemployer plans will get help with funding.
Neal Proposes New Bill to Help Multiemployer Pensions
The bill would also extend funding relief for single-employer defined benefit plans.
Court Again Finds No ERISA Fiduciary Act in DuPont Pension Case
The plaintiffs in the case claimed the company implemented a corporate restructuring in a way to avoid pension plan obligations.
MTA Sues Investment Manager for Not Protecting Funds During COVID-19
New York transit worker pension plans say the firm's mismanagement caused 'astonishing' losses.
DB Plan Investment Provider and Investment Adviser Sued Over Market Losses
The Blue Cross and Blue Shield Association National Employee Benefits Committee says if the investment strategy of certain funds had been followed, they wouldn't have lost as much this year.
Parties Voluntarily Dismiss Case Challenging American Airlines’ DB Plan Calculations
The case applied to several DB plans sponsored by the company and challenged the use of an "inherently unreasonable" mortality table for calculating benefits.
IRS Moves Certain Deadlines for DB, 403(b) Plans
The agency says it is postponing deadlines for certain time-sensitive actions required by these plans and others because of the COVID-19 emergency.
DowDuPont Pension Spin Off Lawsuit Dismissed
A court found most actions alleged in participants' complaint were not fiduciary functions.
DB Plans Get Relief for Certain Premium Payments and Filings
Due dates for filings or actions that would otherwise have been due on or after April 1, and before July 15, have been extended to July 15.
IRS Extends Remedial Amendment Periods for 403(b) and DB Plans
The March 31 deadline for 403(b) plans has been extended to June 30; the April 30 deadlines for DB plans have been extended to July 31.