Current Events

The fiduciary duty to monitor – non-fiduciary service providers

September 03, 2015

In this article we discuss the duty to monitor non-fiduciary service providers. As with our prior articles, we focus on duty-to-monitor issues in DC plans. In this article we focus on two aspects of plan service provider arrangements that can make the monitoring process especially challenging: fees and revenue sharing arrangements. We begin with some remarks about how monitoring service providers is different from monitoring investment managers. Read More

Funding impact of changes in interest rate and mortality assumptions

August 24, 2015

In this article we consider the effect of changes in interest rate and mortality assumptions on ERISA minimum funding requirements. We then consider, briefly, the effect of possible changes in market interest rates under the optimistic and pessimistic scenarios we used in our prior article. Read More

2016 mortality tables published by IRS

August 20, 2015

On July 31, 2015, IRS released Notice 2015-53, providing static mortality tables for 2016, updated for mortality improvements. The update in the notice is in line with expectations and reflects the current rules. Those rules use the RP-2000 Mortality Tables "adjusted for mortality improvement using Projection Scale AA." Read More

Accounting impact of changes in interest rate and mortality assumptions

August 19, 2015

Two major factors affecting defined benefit plan finance are interest rate and mortality assumptions. We expect significant changes to both these factors in the coming years. In this article we consider the possible effect of these changes on sponsor financial statements. In subsequent articles, we will discuss the effect on ERISA minimum funding requirements and the cost of de-risking transactions. Read More

DOL's fiduciary proposal: significance for plan sponsors

August 18, 2015

The Department of Labor's proposal to re-define who is an ERISA advice ‘fiduciary’ may affect plan sponsors in three ways, directly as fiduciaries, as direct consumers of advice, or as indirect consumers of advice. In this article we review these issues in more detail. As we'll see, treatment of the first two issues under the proposal is relatively straightforward and non-problematic. The third issue – the effect of the proposal on advice (and education) provided to participants – is more complex. Read More

121-125 of 285<  ...  20  21  22  23  24  25  26  27  28  29  ...  >
Share this with your Colleagues:

Latest News:

  • Budget deal retirement savings provisions - Read More
  • January 2018 Pension Finance Update - Read More
  • DB funding and 2017 tax planning - Read More
  • PBGC finalizes regulation revising missing participant program - Read More
  • Current outlook – 2017 year in review - Read More
  • Cash Balance Plan Design - Read More
  • ReDefined Benefit Plan™ - Read More