DB Industry Insights
Articles covering relevant trends we are seeing in the defined benefit plan industry and how they may impact your pension plan.
Pension Funding Relief Proposal
The House of Representatives proposed the Emergency Pension Plan Relief Act of 2021 (EPPRA): Funding Relief: The proposed Emergency Pension Plan Relief Act of 2021 (EPPRA) will preserve the stabilizing effects of smoothing on plan funding for single employer pension plans. It will apply to plan years beginning after December 31, 2019. The current 10% […]Read More
Pension De‐Risking Remains Strong in 2020
Regardless of dealing with problems associated with the Covid‐19 pandemic, plan sponsors continued to pursue defined benefit plan terminations or liability de‐risking. Following an initial slow start, global plan de‐risking activities picked up in the second half of 2020. Pension plan sponsors took advantage of a rebound in funded status as financial markets rallied after […]Read More
DOL Guidance for Locating Missing Participants
The Employee Benefit Security Administration (EBSA) of the Department of Labor issued guidance to plan fiduciaries (for both defined benefit and defined contribution plans) for locating participants and distributing unclaimed payments. Field Assistance Bulletin 2021‐01, entitled “Missing Participants – Best Practices for Pension Plans” provides specific recommendations and implementation strategies. Plan fiduciaries should develop best […]Read More