Administration

Despite the number of active DB plans dwindling, providers dedicated to the space are still investing in enhancements to their services.

S&P Global Ratings estimates CalPERS and CalSTRS will contribute $2 billion more a year toward pension costs.

Mercer reports no change in pension funded status, while Wilshire and LGIMA report a modest increase.

Forty percent of the recordkeepers within Corporate Insight’s Retirement Plan Monitor (RPM) coverage group are either completely overhauling or making significant enhancements to existing content.

A growing number of DB plan sponsors are considering PRT products at a time when PBGC premiums have increased by more than 300%, a new study finds. 

The investment firm says it is important to permit them to take partial withdrawals.

The Aon Hewitt Pension Risk Tracker looks at the funded status of U.S. pensions for companies in the S&P 500.

While retirement savings is critical to financial wellness, employees typically won’t make the most of it if they’re struggling to meet short-term financial obligations.

Retirement plan participants’ financial stress includes commitments to their spouses, children and parents.

Rather than focusing on literacy and word-for-word translations, retirement plan sponsors may want to pay more attention to context and cultural needs.

Public plans that reduce their return assumption in the face of diminished near-term projections will experience an immediate increase in unfunded liabilities and required costs, according to NASRA.

Until DC plans embrace annuities, participants need more education and a healthier lifestyle.

Employees with a more favorable self-rating of their financial knowledge were more likely to use financial wellness tools given to them by their employers.

Whether good market returns in January helped pension plans’ funded status depends on who you ask.

People are more likely to agree with their spouse or partner on daily expenses than on retirement savings, a survey finds.

Financial wellness providers fear that employee credit cards, purchasing programs and other such offerings will harm the progress being made to help employees become financially well.

Increase in recordkeeper search activity, movement to institutional fund structures, de-emphasizing revenue sharing and adoption of fee policy statements were found in a survey of DC plan sponsors.

Members of the Cleveland Iron Workers Local 17 Pension Fund voted by a 2 to 1 margin to approve the cuts.

A 2016 ERISA Advisory Council report includes an appendix titled “Employee Benefit Plans:  Considerations for Navigating Cybersecurity Risks.”

The ERISA Advisory Council recognized in a report that there are several potential solutions to promote plan-to-plan transfers and retirement account consolidation.