Administration

Administration | June 8th, 2011

FASB Changes Position on Multiemployer Plan Disclosures

June 8, 2011 (PLANSPONSOR.com) - At its May 31, 2011 meeting, the Financial Accounting Standards Board (FASB) tentatively decided not to require employers that contribute to multiemployer plans...

Administration | June 8th, 2011

FaithShares Shutters Four Faith-Based ETFs

June 8, 2011 (PLANSPONSOR.com) - IndexUniverse.com reports that Tulsa, Oklahoma-based exchange-traded fund (ETF) firm FaithShares has shuttered four of its...

Administration | June 8th, 2011

Pension Funding Falls as Interest Rates Drop

June 8, 2011 (PLANSPONSOR.com) - The funded status of the 100 largest corporate defined benefit pension plans worsened by $26 billion during May 2011, as measured by the...

Administration | June 7th, 2011

California Pension Fund Sues Wilshire

June 7, 2011 (PLANSPONSOR.com) - The $2.7 billion Kern County Employees' Retirement Association (KCERA) has sued Wilshire Associates for a loss of about $4 million...

Administration | June 7th, 2011

U.S. Pension Plans Experience Funded Status Setback in May

June 7, 2011 (PLANSPONSOR.com) - New figures from Mercer show that the aggregate deficit in pension plans sponsored by S&P 1500 companies corresponds to an aggregate funded ratio...

Administration | June 3rd, 2011

Managers’ Insurance Assets Reach Record Level

June 3, 2011 (PLANSPONSOR.com) - Insurance company assets managed by third-party U.S. investment firms rose to a record $1.75 trillion at the end of 2010, according to the...

Administration | June 3rd, 2011

Report Presents Positive Future for NYC Pension

June 3, 2011 (PLANSPONSOR.com) – A study on the sustainability of the New York City Pension System indicates a reduction in costs if all current laws relating to...

Administration | June 3rd, 2011

CA City Allowed to Reduce Payment for Old Pension

June 3, 2011 (PLANSPONSOR.com) - Leaders of Contra Costa's largest pension system have agreed to allow the city of Pittsburg to delay part of a $2 million payment...

Administration | June 3rd, 2011

Penion Funded Status Ends Upward Trend

June 3, 2011 (PLANSPONSOR.com) - In May, the funded status of the typical U.S. corporate pension plan fell 2.3 percentage points to 86.9%, marking the end of an...

Administration | May 31st, 2011

Plan Sponsors Taking Their Time with Transitions

May 31, 2011 (PLANSPONSOR.com) - Institutional investors are taking far longer to change investment managers or asset allocations than they did before the 2008 financial crisis, according to...

Administration | May 31st, 2011

Proposals to Cut Retirement Savings Incentives “Faulty”

May 31, 2011 (PLANSPONSOR.com) - Proposals to scale back or eliminate retirement savings tax incentives for 401(k) plans not only endanger the ability of low- and moderate-income workers...

Administration | May 31st, 2011

No Load Shares Dominate Fund Sales

May 31, 2011 (PLANSPONSOR.com) - No Load share classes, particularly those without 12b-1 fees, have grown to become the single most important share class in mutual fund sales...

Administration | May 31st, 2011

Study Says Committee Styles Mirror Members

May 31, 2011 (PLANSPONSOR.com) – The vast majority of investment committee members surveyed said they prefer a democratic approach.

Administration | May 30th, 2011

Public Pension Funding and Valuation Methods Vary Globally

May 31, 2011 (PLANSPONSOR.com) – The valuation and disclosure of public pension promises in some countries lacks transparency, which may be hiding potentially huge fiscal liabilities that are...

Administration | May 27th, 2011

Markets Narrow S&P 500 Pension Funding Gap

May 27, 2011 (PLANSPONSOR.com) – While the global market rebound in 2010 was certainly a welcome respite for pension funding, it didn’t do much to...

Administration | May 27th, 2011

PBGC Board Approves New Investment Policy

May 27, 2011 (PLANSPONSOR.com) - The Board of Directors of the Pension Benefit Guaranty Corporation has unanimously adopted a new investment policy, though it’s not...

Administration | May 27th, 2011

Retirement Plan Tax Benefits Decreased Household Stock Ownership

May 27, 2011 (PLANSPONSOR.com) - A new study from the Stanford Graduate School of Business shows that household stock ownership decreases as the tax benefits associated with owning...

Administration | May 27th, 2011

Foundations, Charities Returns Remain in Double Digits

May 27, 2011 (PLANSPONSOR.com) - Two companion studies of foundations and operating charities show that investment returns were in the range of 12% in FY2010 – the second...

Administration | May 26th, 2011

Segal Contends Market Value Pension Measurements not Useful

May 26, 2011 (PLANSPONSOR.com) - A new issue of Segal’s Public Sector Letter discusses why the market value of liabilities (MVL) is a misleading methodology for valuing public...

Administration | May 25th, 2011

JPMorgan Targeted in Pension Fund Suit against Hedge Fund

May 25, 2011 (PLANSPONSOR.com) - Highland Capital Management LP and JPMorgan Chase & Co. are being sued by a Houston pension plan over claims that willful looting led...