TopicsAllArchiveCash Balance PlansDefined BenefitDefined ContributionOther BenefitsPension Risk TransferRetirement Plan NewsRetirement Plan ProspectingUncategorized
On July 17, 2023, the Fourth Circuit Court of Appeals upheld a decision for defendant Aon in Reetz v. Aon Hewitt, finding among other things that a “sales pitch” to Lowe’s 401(k) plan fiduciaries of delegated fiduciary services by an Aon sales team did not constitute fiduciary advice. In this article we review the decision.
The third and fourth quarter are in full gear as slots are filling up and insurers are reaching capacity constraints. Plan Sponsors who would like to transact this year should connect with an annuity search firm immediately to achieve their de-risking goals.
What are employees looking for in today’s competitive job market? A retirement plan that stands out from the crowd. See how organizations can craft a plan that hinders turnover.
Higher interest rates gave pension finances a boost in May. Both model plans we track gained ground last month: our traditional Plan A gained 2% last month and is now up 4% for the year, while the more conservative Plan B edged up fractionally during May and is up almost 1% through the first five months of 2023.
Higher stock prices translated to another good month for pension finance in June, capping a strong first half of 2023 generally. Both model plans we track1 gained ground last month: our traditional Plan A gained 3% and is now up more than 7% for the year, while the more conservative Plan B gained 1% during June, ending the first of half 2023 up almost 2%: