DB Risk Management Increasingly Focused on Liabilities
Plan sponsors of the largest U.S. defined benefit (DB) pension plans are deepening their risk-management focus on plan liabilities.
Tag: Defined benefit
Funding Shortfalls Increase for Largest Pensions
Liabilities still outpaced the growth in assets for the 16 publicly listed U.S. corporations with pension liabilities of more than $20 billion, according to an analysis conducted by...
BofA to Freeze Pension Fund
Bank of America will freeze its pension plans for eligible employees, effective July 1, 2012.
Federal Employee Pension Contributions To Be Increased
New federal employees will pay 2.3% more toward their government pensions under a new deal approved by Congress.
Company Stock Holdings Decreased Since PPA
The share of plan assets in company stock fell seven percentage points for KSOPs because of the diversification provisions in the Pension Protection Act of 2006 (PPA2006).
EPIC Advisors Selects Platform to Provide 408(b)(2) Compliance
EPIC Advisors Inc. (EPIC) chose Castle Rock Innovations’ (CRI) AXIS Retirement platform to provide compliance with the Department of Labor’s 408(b)(2) fee disclosure requirements.
Boomer Retirements Likely to Boost IRA Share of Retirement Market
Total asset levels in the U.S. retirement market grew 9.6% from 2009 to 2010, totaling $15.8 trillion as of end of year 2010.
Data Shows Dominance of DC Plans in Private Industry
The U.S. Bureau of Labor Statistics (BLS) found that 2% of compensation costs for private industry employers go toward defined contribution benefits.
Small Business Owners Support Idea of Lifelong Pension
Eighty-two percent of small business owners believe that employees should have a pension benefit for life.
Ghilarducci Suggests Giving Private Workers Access to State Pensions
Teresa Ghilarducci, director of The New School's Schwartz Center for Economic Policy Analysis (SCEPA), drafted a proposal to offer low-fee, low-risk personal retirement accounts to all workers by...
Prudential Retirement Reorganizes
Prudential Retirement has reorganized its business to integrate its product, service and operations teams into three business lines.
PANC 2011: Beyond k
Who says defined benefit plans are dead? Panelists at the PLANADVISER National Conference in Orlando last week discussed the potential future of plan types other than defined...
Callan DC Index Falls Behind Average Corporate DB Plan
The Callan DC Index eked out a negligible 0.23% return in the second quarter of the year.
Law Firm Did Not Violate ERISA Anti-Cutback Rule
Paying a lump-sum distribution from a cash balance plan that was half of what a participant would have received if the plan had not been terminated was...
PwC Denied Summary Judgment on Whipsaw Calculation Claim
PricewaterhouseCoopers (PwC) was unable to prove that its calculation of benefits for cash balance plan participants satisfied the Employee Retirement Income Security Act (ERISA), a court found.
Financial Planning Benefit Offerings Have Increased
Employer-sponsored retirement plans continue to shift away from defined benefit (DB) plans toward defined contribution (DC) and Roth 401(k) savings plans, according to SHRM’s 2011 Employee Benefits report.
Transamerica Believes MEPs Can Provide Growth for Advisers
Multiple employer plans (MEPs) can provide not only business growth for advisers, but can also help close the coverage gap in America, said Jim Kais, vice president and...
PSCA Releases Non-Qualified Plan Survey
The Profit Sharing/401(k) Council of America (PSCA) and Boston Research Group have released findings from a survey of non-qualified plans.
GAO: Retirement Shift Creates Disproportionate Benefits
The Government Accountability Office contends that the shift away from defined benefit retirement plans to more defined contribution plans has resulted in disproportionate benefits for American workers.