defined benefit pension plan Archives

The Multiemployer Retirement Plan Landscape: DB Takeaways

Justin Held, CEBS

24 Jun 202426 Jun 2024

According to recent data from Horizon Actuarial Services, LLC and the International Foundation of Employee Benefit Plans, the fifteen-year period between 2006 and 2020 was turbulent for multiemployer defined benefit (DB) pension plans. Financial markets were volatile, and 2008 saw the biggest […]

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Educating DC Plan Participants for the Long Hike to Retirement

Kathy Bergstrom, CEBS

16 Apr 202416 Apr 2024

Many years ago, I visited Grand Canyon National Park with my mom and aunt. It was unseasonably hot, but I wanted to walk down into the canyon on the Bright Angel Trail. My companions were not up for the hike, so I […]

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Decumulation Challenges and Solutions for Plan Members: Three Takeaways

Amanda Wilke, CEBS

29 Jun 202329 Jun 2023

Decumulation, the concept of income for life, can be considered “the nastiest, hardest problem in finance,” according to William Sharpe, a Nobel prize winner in Economics. The concept is challenging because the uncertainty of someone’s lifespan makes it difficult to know what […]

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2023 Employee Benefits Reporting and Disclosure Calendars

Jenny Gartman, CEBS

13 Jan 202310 Mar 2023

Plan sponsors and administrators are encouraged to reference these comprehensive calendars to stay on track in 2023. Health and Retirement Plans Subject to ERISA (Includes Multiemployer Plans) Health and Welfare Plans New deadlines in 2023 are: Retirement Plans Defined Contribution Defined Benefit […]

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Everything Plan Sponsors Need to Know About SECURE Act 2.0

Amanda Wilke, CEBS

26 May 202226 May 2022

On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act of 2022 (HR 2954), otherwise known as SECURE Act 2.0, by a vote of 414-5. Secure Act 2.0 builds on the 2019 Setting Every Community Up for […]

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Transitioning from DB to DC: What You Need to Know

Justin Held, CEBS

29 Dec 202129 Dec 2021

In my years compiling benchmarking data for the International Foundation, one of the most notable trends has been the decreasing prevalence of employer-sponsored defined benefit (DB) pension plans. In the 2011 Employee Benefits Survey, 57% of responding organizations offered a DB pension […]

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DOL Guidance on Lost Retirement Plan Participants

Kathy Bergstrom, CEBS

28 Jul 202128 Jul 2021

The issue of what to do about lost or missing participants is a frustrating one for plan sponsors. These participants often have terminated participation in a plan because they took a new job. They may have even moved. Because these terminated participants […]

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Employee Benefits and COVID-19: Changing the Future of Benefits Today

Kathy Bergstrom, CEBS

17 Feb 202116 Feb 2021

The COVID-19 pandemic is likely to bring long-lasting changes to life in the United States, and those changes will be reflected in employee benefits. How COVID-19 could affect health, retirement and other benefits even after the pandemic is over is discussed in […]