PRT Strategies for Active Participants
Pension risk transfers could leave a sizeable group of active participants under a plan sponsor’s responsibility, but there are strategies to target this group.
Administration
Understanding PRT: A Checklist for Implementing a Pension Risk Transfer
Experts discuss the various elements to consider before implementing a pension risk transfer to help ensure its success.
Understanding PRT: A Look at PRT Solutions and Costs
Pension risk transfer includes a spectrum of options, with cost and other considerations for each.
More Social Security Communications Could Bolster Participant Outcomes
A study finds most people do not engage with Social Security’s online portal to factor in the amount of retirement income Social Security will provide until they reach...
DB Plan Sponsors Can Adopt Strategies to Lower PBGC Premiums
Despite progress by many pensions plan sponsors to reduce premiums through adopting best practices, several chronic over-payers persist.
Managing Participants’ Interest in Guaranteed Lifetime Income Investments
The number of U.S. workers who are open to putting money into investments that guarantee a portion of retirement income fell in 2021 from the previous year, a...
Tactics to Avoid Failing Nondiscrimination Testing
Plan sponsors should consider the trade-offs involved between the costs of funding safe harbor contributions and the corrective actions that result from failing the tests.
DC Plans Use Pension Features to Improve Retirement Outcomes
DC plans are taking on more and more features that primarily used to be associated with defined benefit plans, to some success, but more work lies ahead in...
Social Security Replaces More Retirement Income for Low-Income Participants
Plan sponsors can assist low- and moderate-income workers’ retirement readiness by educating them about the benefits of delaying Social Security until full retirement age.
Public Sector 403(b) Plans Have a Participation Problem
Nonetheless, there are ways governments can create more engaged employees and encourage workers to join defined contribution plan programs.
Plan Design Strategies to Boost Retirement Outcomes for Low-Income Participants
Sponsors have a toolbox of plan design and benefit approaches they can use to boost retirement outcomes for low- and moderate-income earners.
Participants Will Need Support to Understand Lifetime Income Projections
Recordkeepers are bolstering education, projection modeling tools and tailored advice capabilities to support plan participants and encourage them to remain on track for retirement income planning.
Considerations to Help DC Plan Sponsors Regroup for the New Year
Mercer says delving into participant data and keeping up with new product offerings, legislation and regulations can help plan sponsors improve their retirement programs in 2022.
DC Plan Design Can Be Creatively Used to Get Participants Back on Track
Dr. Shlomo Benartzi says the pandemic is a perfect time to use plan design features that tap into behavioral science.
Equity in Employee Benefits Communications
Tips to ensure benefits communications reach all employees.
Measuring DC Plan Success Requires Going Beyond Common Metrics
Greater engagement and education from plan sponsors and recordkeepers are key, but they need more information from participants about employee retirement readiness to form a clearer picture.
Retirement Income Solutions Have Slowly Progressed in 2021
Despite employers, plan participants, retirees and near-retirees showing greater interest in lifetime income options, adoption by plan sponsors has remained muted.
Factors That Determine Whether the Time Is Right for PRT
Pension risk transfer activity is picking up, and plan sponsors have several considerations when implementing transactions.
The Importance of Good Data for DB Plan PRT Activities
While clean data is important for identifying deaths and locating participants and beneficiaries, it can also have a great cost benefit for plan sponsors implementing pension risk transfer...
Reasons Not to Use Pension Funding Relief
Using funding relief to lower contributions to DB plans can increase PBGC premiums and get those plan sponsors that are moving toward pension risk transfer off track.