Data: Not an Infinite Problem; there is an Endgame

Data: Not an Infinite Problem; there is an Endgame

If the recent glut of superhero movies has taught us anything, it is that with great power comes great responsibility. Most pension plan fiduciaries tend to focus their responsibilities on plan assets. They exercise their power by monitoring asset performance,...
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 IV

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 III

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 II

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...
Don’t Let Your Frozen Pension Plan Leave Participants in the Cold

Don’t Let Your Frozen Pension Plan Leave Participants in the Cold

Is your DC plan ready for your pension plan’s termination? For sponsors of frozen pension plans, the DC plan becomes an increasingly important source of retirement income for many of your employees, and perhaps the sole source for a growing number. Therefore you...