Retirement plan performance at mid-year 2021
A review of this year’s asset and interest rate performance and their effect on DB plan funding and DC retirement income.
A review of this year’s asset and interest rate performance and their effect on DB plan funding and DC retirement income.
The decision to review this case presents the possibility that the Court will for the first time speak to issues that plaintiffs and defendants have been disputing for at least a decade.
Falling interest rates in June saw otherwise steady pension plans down 1%, with both model plans we track remaining in the black for the year.
A recent IRS notice has temporarily extended relief that allows participants to make electronic benefit elections where certain conditions are met.
Plan funding status stayed level in June, with stock markets hitting new records and Pension Risk Transfer activity remaining high.
The recently released Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions out of the Office of Management and Budget details four significant regulatory initiatives from the DOL.
A recent Executive Order issued by President Biden on Climate-Related Financial Risk proposes repeal of previous administration’s regulation.
In Harmon v. Shell Oil Company, court holds in favor of defendants: participant data is not a plan asset.
Pensions saw a second consecutive flat month in May, as both assets and liabilities grew about 1%.
Despite the persistence of the pandemic, it is clear that the outlook for plan sponsors is currently trending positively. Equity markets are strong and interest rates are rising. This is leading to improved plan funding statuses and lower annuity purchase prices.