September Shows Slight Decline in Funding Status for Most DB Plans
The majority of pension consultancies report liabilities edged out strong market results.
Tag: Defined benefit
Corporate DB Plan Funding Status Continues To Rise
Strong equity markets and stable interest rates have contributed to boosting funding surpluses.
Senate Committee Advances Julie Su’s DOL Nomination—Again
Su advanced to the full Senate by an 11 to 10 vote for the second time in almost a year,...
UAW Members Ratify Big 3 Automakers Deal
The contracts with General Motors, Ford and Stellantis could prompt nonunion companies to establish more competitive benefits.
PBGC Releases 2024 Mortality Tables
The data inform potential withdrawal liabilities and benefit transfer amounts under ERISA.
PBGC Notes Address Change for Delivery of Checks
A new address for paper premium payment checks will start October 6.
NFP Acquires ACG, Expanding Retirement, Wealth Capabilities
NFP and its Wealthspire Advisors division bring on a Virginia-based corporate retirement advisory, TPA and wealth manager.
The Good Old Days: Was the Pension Era Really as Good as Its Reputation?
Experts point out the flaws in the often lauded 'pension past,' while discussing the benefits and potential of the 401(k)...
DC Plan Council Expects Increase in Real Estate Investing
Real estate allocations can strengthen participant outcomes and reduce volatility, according to the Defined Contribution Real Estate Council.
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
CEO Dan Houston discusses recent moves furthering the firm's asset management focus.
DB Pension Risk Transfers May Slow Due to Lack of Liquidity
Experts at last week’s PLANADVISER DB Summit discussed the challenges of transferring risk despite high interest rates.
Adviser Product Partnerships
Lincoln and BPAS partner on DB offering; UNest and Wealth combine kid investing and estate planning; Welton and iCapital team...
Outdated Mortality Table ERISA Suit Filed in Arizona
The lawsuit alleges that Pinnacle West, an electric utility, used outdated mortality tables, causing it to underestimate the present value...
Parties Reach Preliminary Settlement in 16-Year ERISA Lawsuit
Plaintiffs agree to settle for $267 million in a class action suit that alleged that PricewaterhouseCoopers LLP undercalculated lump-sum payments...
Union Pension in Puerto Rico Latest to Receive PBGC Relief
With its latest relief payment, the Pension Benefit Guaranty Corporation has now distributed more than $7.5 billion to stressed union...
IRS Private Letter Ruling Addresses DB-to-DC Asset Transfer
While it applies only to the immediate case, the IRS’ approval of a transfer of excess assets from a terminating...
Partners Healthcare Defeats ERISA Actuarial Equivalence Lawsuit
The case has a complex procedural history that has seen rulings issued both in favor of the plaintiffs and in...
Understanding PRT: Fiduciary and Admin Considerations
When transferring pension risk via a full or partial buy-in or buy-out, plan sponsors have a fiduciary obligation to ensure...
Principal Marks Completion of Wells Trust and Custody Business
With the acquisition’s completion, Principal Custody Solutions can now serve institutional clients of all sizes with both retirement and non-retirement...
2022 PLANADVISER Award Season is Here
The deadline for Adviser of the Year nominations is nearly here! So is the deadline for entries for the Top...