multiemployer plans

The State of Multiemployer Health Plans: Ten Takeaways

Justin Held, CEBS
 

The median cost of benefits for multiemployer health plans increased 4.7% from 2017 to 2018, reaching $11,642 per participant per year (PPPY), according to a new International Foundation report. The consistent increases in costs over the ten-year period required increases in employer […]

International Foundation Survey Research Studies: Benchmarking Stats You Can Use

Justin Held, CEBS
 

Those working in the employee benefits industry are facing a landscape that changes daily. The International Foundation’s research team takes trending topics, from paid leave to financial education and mental health, and provides in-depth coverage of employer responses through survey reports. The […]

PBGC Improves Multiemployer Outlook Due to ARPA

PBGC Improves Multiemployer Outlook Due to ARPA

Jenny Gartman, CEBS
 

On September 20, 2021, PBGC released its Fiscal Year (FY) 2020 Projections Report and a Five-Year Multiemployer Program Report. The reports show a substantial improvement in the outlook for PBGC’s Multiemployer Insurance Program due to the enactment of ARPA. The analysis of […]

Special Financial Assistance: Filing and Application Tips From PBGC Staff

Special Financial Assistance: Filing and Application Tips From PBGC Staff

Jenny Gartman, CEBS
 

The Pension Benefit Guaranty Corporation (PBGC) and Treasury officials have delivered a new briefing on the special financial assistance (SFA) program for financially troubled multiemployer plans under the American Rescue Plan Act of 2021 (ARPA). During the briefing on July 22, 2021, […]

PBGC Implements Special Financial Assistance Program for Financially Troubled Multiemployer Pension Plans

PBGC Implements Special Financial Assistance Program for Financially Troubled Multiemployer Pension Plans

Jenny Gartman, CEBS
 

The Pension Benefit Guaranty Corporation (PBGC) has released an interim final rule that focuses on special financial assistance (SFA) applications and related restrictions and conditions pursuant to the American Rescue Plan Act of 2021 (ARPA). Read more about ARPA’s provisions to transfer […]

The Multiemployer Retirement Plan Landscape: 10 DC Plan Takeaways

The Multiemployer Retirement Plan Landscape: 10 DC Plan Takeaways

Justin Held, CEBS
 

According to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2003-2017), the average defined contribution (DC) plan account balance increased significantly from 2003 to 2017, growing to $43,500 while aggregate disbursements also grew. The increase in disbursements—coupled with a lack of growth […]