GIC/stable value and money market funds benefited from 401(k) participants fleeing company stock and target-date funds in September, according to a new report.
Increased longevity is good news, but for pension plans it creates more stress — it spells greater drain and heightens the likelihood that plans will pay benefits for a longer period.
The Department of Labor’s Employee Benefit Security Administration has prepared material intended to assist plan administrators in selecting an auditor and reviewing the audit work and report.
Financial wellness can affect more than just employees’ accounts and retirement readiness; it also can affect employees’ physical wellness and even an employer’s bottom line, recent studies say.
According to a recent study, underfunding of U.S. multiemployer pension plans was worse by year’s end in 2013 than it had been one year before.
Whether we have retirement a crisis, or merely a series of hard problems, captured the ultimate issue an expert panel addressed at an American Enterprise Institute July 15 discussion at its Washington, DC offices,.
Funding levels of pension plans sponsored by the S&P 1500 fell by 9 percentage points in 2014, from 88% to 79%. According to Mercer, the plans’ collective deficits more than doubled last year, reaching $504 billion at year-end.
The funded status of private- and public-sector pension plans is a classic example of bad news/good news. To wit: Corporate pensions’ funded status fell in April, but only very slightly; and some states’ pensions are in bad shape, but funding of public-sector pension plans overall is improving.
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