Higher Discount Rates, Reduced Liabilities Improve December Pension Funding
2025 ended on a high note after market volatility shook defined benefit plan finances during the first quarter.
Tag: defined benefit plans
DOL Urges Dismissal of Lockheed Martin PRT Case
The Department of Labor’s amicus brief argued that participants who continue to receive their full pension benefits cannot sue over...
Cash Balance Plans Top $1T, per Ascensus
Companies with fewer than 10 employees own more than half of all cash balance plans, a group of retirement plans...
Job Turnovers Not Driven by Generational Differences
Millennials and Generation Z stay at their jobs at about the same amount of time that previous generations did at...
Corporate Pension Funds Near Year-End on Strong Note
The major defined benefit consultancies all reported improved funded status in November, as strong markets offset liabilities.
Veteran Plan Advisers Advocate for DB Expertise
Jim Robison and Tommy Ford, both members of the Retirement Advisor Council, explain why defined contribution plan advisers should include...
Pension Funding in July Mostly Flat, With Some Dips
Equities bolstered corporate pension funds for the most part last month, offsetting a decline in discount rates.
Significant Benefit Increases Expected from Tentative UAW Deals
United Auto Workers are likely to see significant increases to employer 401(k) contributions and pension plan payouts, despite not having...
Schwab Retirement Plan Services Partners With Newport, Conduent to Expand Capabilities
Schwab will offer increased services in nonqualified deferred compensation and defined benefit plans, highlighting a push toward large retirement plan...
SECURE 2.0 Changes Backloading Test for Cash Balance Plans
The retirement reform legislation requires interest credits to be “reasonable” and no higher than 6%.
CDC Says U.S. Life Expectancy Fell to 76.4 Years in ‘21, Lowest Since 1996
Retirement plan consulting and actuary head says COVID-19 has muddled mortality outcome tracking, with the industry awaiting delayed IRS mortality...
Compliance News
Legislative and Judicial Actions
The DOL updates auditor independence rules; the IRS extends plans’ amendment deadlines for certain CARES Act and Tax Relief Act...
Analysis of American Workers Shows Retirement Plan Type Influences Spending Habits
A study of government employees reported that those with defined benefit retirement plans typically spend a higher percentage of their...
IRS Rules on Mergers Involving DB Plans That Have Received SFA
If a plan that received special financial assistance merges with an ongoing plan, the ongoing plan is not considered to be in critical status.
Helping DB Plan Sponsors Consider Risks for Their Portfolios
Investment managers discuss opportunities moving forward for corporate defined benefit plans.
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...
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.