COVID-19 and Biden Policy Could Intertwine to Affect DB Plan Funding
The future health and political landscape could make a big difference on assumptions used for calculations and defined benefit plan funding policy.
Administration
Rules for Retaining Benefit Plan Records
Electronic filing is popular, but benefit plan sponsors need to know the rules about what documents can be stored digitally and how.
The Difference Between Fee-Based and Fee-Only Advisers
It’s important to know how advisers get paid, as well as whether those sources of income could cause a problem for retirement plan sponsors or participants.
Refocusing on Retirement Plan Initiatives in 2021
Plan sponsors need education about SECURE Act provisions and should increase their focus on employee financial well-being, webinar presenters said.
Teaching Employees About Taxes in Retirement
Understanding how taxation works can help with making the right savings decision and establishing the right distribution strategy.
Increasing Participant Trust in Retirement Plans and Sponsors
Plan sponsors should tout the ways they are helping participants with their plan designs and good governance processes.
Continued Volatility Signals Poor Year for DB Plan Funded Status
Higher contributions can be expected in the future and asset allocation makes a difference, according to firms that track defined benefit plan funded status.
Solutions for Missing Participants and Uncashed Checks
Until guidance is issued about transferring amounts to state unclaimed property funds, plan sponsors will have to rely on the limited guidance already given.
Offering the Benefit of Guaranteed Income in DC Plans
Lifetime income projections, offering more control over assets and education about annuity pricing will help participants be more receptive to in-plan annuities.
Emphasizing Retirement Savings for Young Part-Time Workers
Part-time employees that will be entering retirement plans under SECURE Act provisions might not have had any experience in saving and planning for retirement.
A Look at Hospital and Health Care System Pensions
Health care organizations face an uphill battle financially, but the right strategies for investing and controlling PBGC premiums can help them get to the other side.
Retirement Planning Needs of Private- and Public-Sector Employees More Similar Than Different
Yes, public employees are more likely to have pensions, but some do not get Social Security, and health care costs are increasing for everyone.
Repositioning Financial Wellness and Retirement Benefits for 2021
Plan sponsors can take steps now to make sure their plans are ready to meet fiduciary obligations and participants’ needs in the new year.
PRT Still a Useful Tool for Plan Sponsors
The effects of the COVID-19 pandemic slowed pension risk transfer activity earlier in the year, but economic factors for transactions remain favorable and Q4 could be a record...
Consider Who Is Paying When Benchmarking Retirement Plan Fees
There is less risk when a plan sponsor pays retirement plan fees, but that doesn’t necessarily mean the benchmarking should be different than if participants pay.
The New York Times Co. Announces Pension Risk Transfer
With the purchase of an annuity contract, the company will transfer the payment obligation for approximately 1,850 retiree accounts to MassMutual.
The Importance of Extending Diversity to the Retirement Plan Committee
With representation being top of mind in 2020, companies are reconsidering the makeup of their workforces.
Weaving Part-Time Employee Inclusion Into Retirement Plan Processes
The SECURE Act’s requirement to let part-time employees join 401(k)s demands a process for counting hours and creates opportunities to review other procedures.
Most Estimates Show DB Funded Status Declined in September
A decline in equity markets caused funded status to decrease during the month, and firms say DB plan sponsors should prepare for more market volatility through the end...
PSNC 2020: Creating Income Streams for Participants
Panelists reviewed different lifetime income stream selections and important disclosures to note under the SECURE Act.