A Conversation With a Union Pension Funding Advocate
One outspoken advocate for the Butch Lewis Act says the time is ripe for addressing the funding challenges faced by union sponsored multiemployer pension plans.
Latest News
DOL Adopts New Prohibited Transaction Exemption
The regulator has finalized a potentially important new prohibited transaction exemption.
Plan Design Decisions Can Reduce Overconcentration in Company Stock
Research from Vanguard supports the continuation of rethinking decisions about company stock offerings in defined contribution plans.
COVID-19 Having Major Impact on Pensions
Many terminated or furloughed employees have taken early retirement, curtailing contributions and raising payout obligations.
Establishing a Retirement Plan Committee
Why plan sponsors need a committee, what committees do and who to appoint to a committee.
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Annexus Retirement Solutions Launches to Address In-Plan Guaranteed Income
The new division of Annexus will focus on “re-engineering” target-date fund (TDF) structures to better enable guaranteed lifetime income as part of defined contribution (DC) plans.
What Plan Sponsors Should Consider When Selecting Actively Managed Funds
Performance history is not the best way to choose the right actively managed funds, and fees should be scrutinized.
Guaranteed Income, Private Equity Coming Soon to a TDF Near You
Legislation, regulations and market volatility will serve as catalysts for inclusion of income products and private equity in target-date funds, asset managers suggest.
PBGC Programs in Very Different Positions
The single-employer program is improving, but Director Gordon Hartogensis says it’s clear legislative help is needed for the multiemployer program.
Retirement Plan Experts Applaud Raising RMD
They say it will give retirement plan participants a longer window in which to increase their savings, tax deferred.
Retirement Industry People Moves
NTSA hires executive director; retirement services SVP joins PlanMember; and McGinnis Lochridge brings in Dallas partner.
DOL Announces Final Proxy Voting Rule
The DOL says it settled upon the final rule after reviewing approximately 300 written comments and 6,700 form letters from a diverse set of stakeholders.
Community Health Systems Settles ERISA Challenge
The proposed settlement is only between the plan sponsor and the plaintiffs, meaning the allegations against Principal are still in play.
Effects of COVID-19 Could Spark More Retirement Plan Litigation in 2021
Industry experts say market volatility and cybersecurity issues could lead to new lawsuits.
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Investment Product and Service Launches
Nationwide announces new suite of in-plan annuities; SC Ventures and Northern Trust to launch Zodia Custody; Wilmington Trust and Neuberger Berman collaborate on CIT distribution; and more.
DB Funded Status Nearly Back to Level From Beginning of Year
A strong equity market rally in November gave defined benefit plan funded status a boost, but long-duration fixed income also performed well.
More of the Same Expected for Rates, Inflation in 2021
Interest rates were already stuck at stubbornly low levels even before the outbreak of the coronavirus pandemic, and the federal government has since signaled a commitment to accommodative...
DB Plan Sponsors Looking to New Vehicles for LDI Strategies
Diversification is a focus for fixed income investments, and experts shared thoughts about strategies during a roundtable event.
NAGDCA Expects Movement on Retirement Reform in 2021
Priorities of the National Association of Government Defined Contribution Administrators is in recently introduced legislation, including allowing 403(b) plans to invest in CITs.
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Paychex Will Offer PEP in January
The company contends its PEP offers greater levels of efficiency, as it can be integrated with the Paychex payroll.