U.S. collective investment trusts assets have grown to roughly $2.8 trillion, according to Cerulli Associates; much of they money is in target-date funds.
Tag: Defined benefit
The latest deficit increase was driven primarily by the ongoing financial decline of several large multiemployer plans that are expected to run out of money in the next decade.
House and Senate Democrats say their “Better Deal” proposal offers an alternative vision to the GOP’s economic agenda, with a focus on protecting union pensions and access to retirement accounts.
Willis Towers Watson outlines 10 ways sponsors need to modernize investment focus for their pension plans.
The tables are to be used for determining contributions to DB plans and permitted disparity in DC plan contributions.
The group also says the primary motivation of most corporations in eliminating defined benefit plans has been to improve both the level and predictability of their quarterly earnings; it has not been to provide a superior benefit to their employees.
Pension funds have benefitted strongly in the last quarter—and the last several years—from strong stock market performance.
Public Funds gained 3.6% at the median in the second quarter, slightly ahead of Corporate Employee Retirement Income Security Act (ERISA) plans, at 3.2%, Northern Trust data shows.
One solution NEPC suggests is Treasury Separate Trading of Registered Interest and Principal of Securities, or STRIPS.
Because of shared and predictable expenses, they also offer greater benefits than defined contribution plans, the National Institute on Retirement Security says.
It is clear which countries lead the way in providing sustainable retirement systems with adequate benefits—and what others can learn from them to improve.
With life expectancies declining slightly, pension plan obligations are reduced between 0.7% and 1.0%, the Society of Actuaries says.
Nominating a plan sponsor client is a great way to show appreciation and highlight important best practices that are improving outcomes for defined contribution and pension plan participants. Nominations for all types of retirement plans will be considered, so don’t delay.
The agency announced a pilot program that will offer mediation in certain Termination Liability Collection and Early Warning Program cases.
The case is among a number filed that challenge the “church plan” status of a health care entity’s retirement plan.
Three documents set forth mortality tables to be used by certain DB plans in actuarial assumptions and the procedures to request the use of plan-specific mortality tables instead.
A research paper examines three levers that DB plan sponsors can use to enhance portfolio outcomes in a low-interest-rate environment.
The technical update specifically addresses active participant reduction event requirements.
The agency is also proposing that plan sponsors be offered a pre-filing consultation.
The Prudential Insurance Company of America has agreed to provide a group annuity contract and take on approximately $1.3 billion in pension liabilities from International Paper, focusing on vested employees with smaller monthly benefits.