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.
The company was penalized for violating state law by conducting an unlicensed insurance business.
Protecting funded status, addressing inflation risk, adding value, and more are among suggestions from consultants and asset managers.
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.
The suit against fiduciaries of a Huntington Ingalls Industries pension plan has reached a settlement that includes a $2.8 million payment.
Several factors will likely drive more mid-market and large plan sponsors to initiate pension risk transfer (PRT) transactions, surveys show.
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.
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.
A federal judge has found it plausible that DuPont was misleading, based on benefits notices sent to the former participant.
Both single-employer plans and multiemployer plans will get help with funding.
The bill would also extend funding relief for single-employer defined benefit plans.
The plaintiffs in the case claimed the company implemented a corporate restructuring in a way to avoid pension plan obligations.
New York transit worker pension plans say the firm's mismanagement caused 'astonishing' 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.
The case applied to several DB plans sponsored by the company and challenged the use of an "inherently unreasonable" mortality table for calculating benefits.
The agency says it is postponing deadlines for certain time-sensitive actions required by these plans and others because of the COVID-19 emergency.
A court found most actions alleged in participants' complaint were not fiduciary functions.
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.
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.