Multiemployer Archives - Page 5 of 9

Tips for Virtual Trust Meetings

Kathy Bergstrom, CEBS

20 Apr 202018 Apr 2020

As multiemployer benefit plan boards of trustees adjust to a new way of operating during the coronavirus pandemic, many are using videoconferencing tools to conduct virtual trust meetings. Martha Henrickson, CEBS, labor relations director for Management Guidance LLP in Saint Paul, Minnesota, […]

Coronavirus (COVID-19) Employee Benefits Multiemployer

COVID-19: Emerging Collection Issues for Multiemployer Plans

Kathy Bergstrom, CEBS

08 Apr 202013 Apr 2020

One of the issues that multiemployer benefit funds must be concerned with is how the spread of COVID-19 may affect the ability of signatory employers to contribute to pension and health and welfare funds. Multiemployer benefit plan trustees must fulfill their fiduciary […]

Compliance Coronavirus (COVID-19) Employee Benefits Multiemployer

Multiemployer Considerations in the Time of COVID-19

Kelli Kolsrud, CEBS

06 Apr 202006 Apr 2020

All benefit plan sponsors are facing economic and coverage challenges during this coronavirus crisis, and multiemployer trustees are no exception. In a recent webcast, Paul Catenacci, an attorney with the law firm of Novara Tesija & Catenacci, reviewed several issues on the […]

Multiemployer Trustee Boards: 15 Takeaways From New Survey

Apprenticeship Programs Employee Benefits Multiemployer

Multiemployer Trustee Boards: 15 Takeaways From a New Survey

Justin Held, CEBS

18 Feb 202018 Feb 2020

Significant expected turnover on multiemployer benefit fund trustee boards and the increasing complexity of serving as a trustee are among the key challenges faced by these boards. To address this changing landscape, trust funds are deploying a wide range of initiatives to […]

Defined Benefit (DB) Plans Employee Benefits MPRA Multiemployer PBGC Pensions Retirement

Proposed Multiemployer Pension Recapitalization and Reform Plan

Jenny Gartman, CEBS

26 Nov 201902 Dec 2019

On November 20, 2019, Senators Chuck Grassley and Lamar Alexander released the Multiemployer Pension Recapitalization and Reform Plan proposal. The proposal was released in the form of a white paper and a technical explanation and has not been introduced as a legislative […]

Employee Benefits Multiemployer

Takeaways From the 65th Annual Employee Benefits Conference

Stacy Van Alstyne, CEBS

12 Nov 201912 Nov 2019

Each year, 5,000 trustees, administrators and plan advisors gather to share ideas and learn from each other. While many come from opposite ends of the bargaining table, the camaraderie is palpable. I continue to get energized and inspired after attending the Annual […]

Employee Benefits Health Care Multiemployer

The Multiemployer Health Plan Landscape: 10 Takeaways

Justin Held, CEBS

14 Oct 201910 Oct 2019

The median cost of benefits for multiemployer health plans increased by 54% over the ten-year period from 2007 to 2016, reaching $10,853 per participant per year (PPPY), according to a new International Foundation report. The consistent increases in costs over the ten-year […]

Compliance Employee Benefits Multiemployer

Keeping Compliant With DOL Regulations for Trustee Expenses

Kathy Bergstrom, CEBS

01 Oct 201919 Dec 2019

Trustees attending the 65th Annual Employee Benefits Conference in San Diego later this month have a lot to keep track of—all the important sessions you’ve selected, networking with other trustees and fund professionals, getting answers to your burning questions, and keeping detailed […]

Defined Contribution (DC) Plans Employee Benefits Multiemployer Retirement

The Multiemployer Retirement Plan Landscape: 10 DC Plan Takeaways

Justin Held, CEBS

13 Aug 201925 Nov 2019

According to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2002-2016), the average defined contribution (DC) plan account balance increased significantly from 2002 to 2016, growing to $38,900, while aggregate disbursements also grew. The increase in disbursements—coupled with a lack of growth […]

Defined Benefit (DB) Plans Employee Benefits Multiemployer Retirement

The Multiemployer Retirement Plan Landscape: 10 DB Plan Takeaways

Justin Held, CEBS

01 Aug 201925 Nov 2019

According to the most recent data from The Multiemployer Retirement Plan Landscape: A Fifteen-Year Look (2002-2016), demographic trends in multiemployer plans have become less favorable, as the number of actively working participants shrank relative to the number of inactive and retired participants. […]