Tag: Defined benefit

Liabilities still outpaced the growth in assets for the 16 publicly listed U.S. corporations with pension liabilities of more than $20 billion, according to an analysis conducted by...

Bank of America will freeze its pension plans for eligible employees, effective July 1, 2012.

New federal employees will pay 2.3% more toward their government pensions under a new deal approved by Congress.

 The share of plan assets in company stock fell seven percentage points for KSOPs because of the diversification provisions in the Pension Protection Act of 2006 (PPA2006). 

EPIC Advisors Inc. (EPIC) chose Castle Rock Innovations’ (CRI) AXIS Retirement platform to provide compliance with the Department of Labor’s 408(b)(2) fee disclosure requirements.  

Total asset levels in the U.S. retirement market grew 9.6% from 2009 to 2010, totaling $15.8 trillion as of end of year 2010.

The U.S. Bureau of Labor Statistics (BLS) found that 2% of compensation costs for private industry employers go toward defined contribution benefits. 

Eighty-two percent of small business owners believe that employees should have a pension benefit for life. 

Teresa Ghilarducci, director of The New School's Schwartz Center for Economic Policy Analysis (SCEPA), drafted a proposal to offer low-fee, low-risk personal retirement accounts to all workers by...

Prudential Retirement has reorganized its business to integrate its product, service and operations teams into three business lines.

Who says defined benefit plans are dead? Panelists at the PLANADVISER National Conference in Orlando last week discussed the potential future of plan types other than defined...

The Callan DC Index eked out a negligible 0.23% return in the second quarter of the year.

Paying a lump-sum distribution from a cash balance plan that was half of what a participant would have received if the plan had not been terminated was...

PricewaterhouseCoopers (PwC) was unable to prove that its calculation of benefits for cash balance plan participants satisfied the Employee Retirement Income Security Act (ERISA), a court found.

Employer-sponsored retirement plans continue to shift away from defined benefit (DB) plans toward defined contribution (DC) and Roth 401(k) savings plans, according to SHRM’s 2011 Employee Benefits report.

Multiple employer plans (MEPs) can provide not only business growth for advisers, but can also help close the coverage gap in America, said Jim Kais, vice president and...

The Profit Sharing/401(k) Council of America (PSCA) and Boston Research Group have released findings from a survey of non-qualified plans.

I was in London for a few days last week. 

The Government Accountability Office contends that the shift away from defined benefit retirement plans to more defined contribution plans has resulted in disproportionate benefits for American workers.

The Center for Retirement Research has found that defined contribution plans may have a role in the public sector, but in combination with, not as an alternative to,...