Small Closed DB Plans Need to Monitor §401(a)(26) Status
In last week’s blog post covering nondiscrimination testing pitfalls for soft-frozen pension plans, we discussed how defined benefit (DB) plans that are closed to new participants can run afoul of the...
View ArticleLump Sum Interest Rate Update – June 2013
Many defined benefit (DB) plan sponsors are considering lump sum payouts to their terminated vested participants as a way of reducing plan costs and risk. This post shares a brief update of the...
View ArticlePension Discount Rates – September 2013 Preview
After several years of painfully-low pension discount rates, we’ve seen a modest rebound in 2013. Using the Citigroup Pension Liability Index (CPLI) and Citigroup Pension Discount Curve (CPDC) as...
View ArticleWhat’s the Impact of 2014 IRS Retirement Plan Limits?
The IRS just announced the 2014 retirement plan benefit limits and we’re seeing some modest increases from 2013. What does it all mean for employer-sponsored retirement plans? This post analyzes the...
View ArticlePreview of 2014 Lump Sum Interest Rates
As mentioned in our July lump sum interest rate post, many defined benefit (DB) plan sponsors are considering lump sum payouts to their terminated vested participants as a way of “right-sizing” their...
View ArticleHigher Discount Rates Will Help 2013 Pension Disclosures and 2014 Expense
The final results are in and pension plan sponsors should be pleased with final year-end discount rates – at least compared to the FY2012 rates. Using the Citigroup Pension Liability Index (CPLI) and...
View ArticlePublic Pension Plan Funding Policy – The Time is Here
“Every state and local government that offers defined-benefit pensions [should] formally adopt a funding policy…,” according to the Government Finance Officers Association (GFOA) best practice...
View ArticleWhat’s the Impact of 2015 IRS Retirement Plan Limits?
The IRS just announced the 2015 retirement plan benefit limits and we’re seeing some modest increases from 2014. What does it all mean for employer-sponsored retirement plans? This post analyzes the...
View ArticleDB Plan Sponsors Should Prepare Now for Higher Year-End Liabilities
The combination of lower discount rates and new mortality tables will dramatically increase pension plan liabilities and decrease DB plans’ funded status for December 31, 2014 financial reporting....
View ArticlePension Lump Sums Much More Expensive in 2015
Over the past few years, many defined benefit (DB) plan sponsors considered lump sum payouts to their terminated vested participants as a way of “right-sizing” their plan. The ultimate goal is to...
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