Is Your Defined Benefit Plan Ready for Termination? Part V

Is Your Defined Benefit Plan Ready for Termination? Part V

Part 5 – Data Quality and Conclusion This post is the last in a 5-part series on plan termination readiness. In prior weeks, we discussed funded status [Part II and Part III] and plan administration [Part IV]. This week, we’ll wrap things up with a discussion of data...
Is Your Defined Benefit Plan Ready for Termination? Part V

Is Your Defined Benefit Plan Ready for Termination? Part IV

Part 4 – Plan Administration This post is the fourth in a series on plan termination readiness. Previously, we discussed both the level and the risk of the plan’s funded status. This week, we’ll be focusing on plan administration. Before starting a plan...
Is Your Defined Benefit Plan Ready for Termination? Part V

Is Your Defined Benefit Plan Ready for Termination? Part III

Part 3 – Funded Status Risk This post is the third in a series on plan termination readiness. Last week, we discussed the plan’s funded status. This week, we’ll be focusing on the risk of changes in funded status. A plan’s funded status is subject to interest...
Is Your Defined Benefit Plan Ready for Termination? Part V

Is Your Defined Benefit Plan Ready for Termination? Part II

Part 2 – Funded Status In last week’s post, we started with an overview of four areas pension plan sponsors need to understand about the plan termination process. This week, we will be going deeper on the first of these four areas: the ultimate cost of...
Is Your Defined Benefit Plan Ready for Termination? Part V

Is Your Defined Benefit Plan Ready for Termination?

Part 1 – Getting to the End As the saying goes, “All good things must come to an end.” For a defined benefit pension plan that is closed to new participants, or has frozen benefit accruals, the “End” is settling its liabilities in a plan termination. Most plan...