Defined Contribution Plans: Challenges and Opportunities for Plan Sponsors

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Author :
Publisher : CFA Institute Research Foundation
ISBN 13 : 1952927218
Total Pages : 108 pages
Book Rating : 4.9/5 (529 download)

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Book Synopsis Defined Contribution Plans: Challenges and Opportunities for Plan Sponsors by : Jeffery V. Bailey

Download or read book Defined Contribution Plans: Challenges and Opportunities for Plan Sponsors written by Jeffery V. Bailey and published by CFA Institute Research Foundation. This book was released on 2021-08-11 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: American workers rely on their employers to provide a way to generate retirement income beyond their Social Security earnings. Many employers still offer traditional defined benefit (DB) pension plans. A growing majority, however, have replaced DB plans with account-based defined contribution (DC) plans. Virtually everyone acknowledges that the basic DC plan design is flawed. Yet as a society with low private savings and a fraying Social Security system, we count on this imperfect structure to serve as a retirement security bulwark. Workers and society both need the employer-sponsored retirement system to function well. Enhancing DC plan design therefore becomes critical. Defined Contribution Plans: Challenges and Opportunities for Plan Sponsors offers guidance to plan sponsors interested in better understanding the primary issues confronting DC plans. We wrote this book from the viewpoint of the plan sponsor seeking to improve the DC system, and it follows five major themes: the plan participant, the plan sponsor, plan design, investments and investment managers, and asset decumulation in retirement. We present the material conversationally from a high-level perspective. We have not sought to write an encyclopedia on DC plans but rather focus on the basic features of well-run plans. We address key challenges facing DC plans and offer associated design and policy recommendations for plan sponsors and other interested parties to consider. Plan design improvements almost certainly will be incremental, rather than sweeping top-down changes mandated by regulators. Plan sponsors individually will make the important decisions that have lasting consequences for participants and for society. Our objective is to spark interest among sponsors, encouraging them to carry out additional research and take action. We believe the DC system will be strengthened by informed sponsors advocating for and implementing thoughtful strategic changes to their plans.

Defined Benefit Pensions

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437908381
Total Pages : 62 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Defined Benefit Pensions by : Barbara D. Bovbjerg

Download or read book Defined Benefit Pensions written by Barbara D. Bovbjerg and published by DIANE Publishing. This book was released on 2009-02 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private defined benefit (DB) pension plans are an important source of retirement income for millions of Americans. However, from 1990 to 2006, plan sponsors have voluntarily terminated over 61,000 sufficiently funded single-employer DB plans. An event preceding at least some of these terminations was a so-called plan ¿freeze¿ -- an amendment to the plan to limit some or all future pension accruals for some or all plan participants. This report examines: (1) the extent to which DB pension plans are frozen and the characteristics of frozen plans; and (2) the implications of these freezes for plan participants, plan sponsors, and the Pension Benefit Guaranty Corp. (PBGC). Charts and tables.

The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation

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Author :
Publisher : DIANE Publishing
ISBN 13 : 9781422300534
Total Pages : 66 pages
Book Rating : 4.3/5 (5 download)

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Book Synopsis The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation by : Barbara D. Bovbjerg (au)

Download or read book The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation written by Barbara D. Bovbjerg (au) and published by DIANE Publishing. This book was released on 2005-09 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employer-sponsored defined benefit pension plans (DBPP) face unprecedented challenges in the midst of significant changes in our nation's retirement landscape. Many DBPP & the fed. agency that insures them, the Pension Benefit Guaranty Corp. (PBGC), have accumulated large & growing deficits that threaten their survival. Meanwhile, the percentage of Amer. workers covered by DBPP has been declining for 30 years, reflecting a movement toward defined contribution plans (e.g., 401(k) plans). To address these issues, a diverse group of knowledgeable individuals was convened -- incl. gov't. officials, researchers, accounting experts, actuaries, plan sponsor & employee group rep., & members of the investment community. Charts & tables.

Retirement Security

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Author :
Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Retirement Security by : United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Health, Employment, Labor, and Pensions

Download or read book Retirement Security written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Health, Employment, Labor, and Pensions and published by . This book was released on 2011 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Defined Contribution Decisions

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Author :
Publisher :
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Defined Contribution Decisions by : Paul Hackleman

Download or read book Defined Contribution Decisions written by Paul Hackleman and published by . This book was released on 2004 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: New legislation and regulations have altered the landscape of how you manage your defined contribution plan. This book addresses the significant changes taking place in education for defined contribution plans. It provides an overview of the recent critical changes in plan sponsor requirements as a result of legislative and regulatory changes, the emerging opportunities and challenges in developing defined contribution educational strategies, and the new models and tools that can inform both decision makers and participants. International Foundation.

Coming Up Short

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Author :
Publisher : Rowman & Littlefield
ISBN 13 : 081579634X
Total Pages : 221 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Coming Up Short by : Alicia H. Munnell

Download or read book Coming Up Short written by Alicia H. Munnell and published by Rowman & Littlefield. This book was released on 2004-02-09 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the baby boom begins to withdraw from the labor force, ensuring a secure retirement income becomes an increasingly important issue, the number of people over age 65 is expected to double by 2030. That trend will continue, accompanied by worries about stock market volatility, corporate malfeasance, a rapidly changing economy, and the viability of Social Security. In Coming Up Short, two experts on retirement policy analyze 401(k) plans, the fastest-growing type of employer-sponsored pensions and a vital source of retirement income for the American middle class. Alicia Munnell and Annika Sunden chronicle the development of 401(k) plans, now the dominant form of private pensions. In accessible language, they explain how such plans work and discuss their popularity. For employees, these plans are appealing becuase they have more control over their own retirement funds, and the plans are portable. For employers, the plans are generally less costly than defined benefit plans. Despite those advantages, there are some significant downsides to 401(k) plans. These plans shift all the risk and responsibility to employees, who must decide whether to join, how much to contribute, how to invest, whether to "cash out" when changing jobs, and how to manage their nest egg in retirement. These are difficult decisions, and while in theory 401(k)s could be an effective savings vehicle for retirement, in practice many people make mistakes at every step along the way. Com ing Up Short discusses why these mistakes are made and proposes various reforms to ensure that the aging population will have adequate retirement income. Comprehensive and up-to-date, Coming Up Short is an essential resource on 401(k) plans for financial service professionals, policymakers, academics, and individuals planning for their own retirement.

Defined Benefit Pensions

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437914667
Total Pages : 65 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Defined Benefit Pensions by : Barbara D. Bovbjerg

Download or read book Defined Benefit Pensions written by Barbara D. Bovbjerg and published by DIANE Publishing. This book was released on 2010-02 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: The number of private defined benefit (DB) pension plans, an important source of retirement income for millions of Americans, has declined substantially over the past two decades. Although this decline has been concentrated among smaller plans, there is a concern that large DB plans covering many participants have modified, reduced, or otherwise frozen plan benefits in recent years. This report examines: (1) what changes employers have made to their pension and benefit offerings, including to their DB contribution plans and health offerings over the last 10 years or so; and (2) what changes employers might make with respect to their pensions in the future, and how these changes might be influenced by changes in pension law and other factors. Illus.

Private Pensions: Conflicts of Interest Can Affect Defined Benefit and Defined Contribution Plans

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437915094
Total Pages : 16 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Private Pensions: Conflicts of Interest Can Affect Defined Benefit and Defined Contribution Plans by : Charles A. Jeszeck

Download or read book Private Pensions: Conflicts of Interest Can Affect Defined Benefit and Defined Contribution Plans written by Charles A. Jeszeck and published by DIANE Publishing. This book was released on 2009-08 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conflicts of interest typically exist when someone in a position of trust, such as a pension consultant, has competing professional or personal issues. Such competing interests can make it difficult for pension plan fiduciaries and others to fulfill their duties impartially. The proliferation of consulting work and the complexity of business arrangements among investment advisors, plan consultants, and others have increased the likelihood of conflicts of interests for both defined benefit (DB) plans, and defined contribution (DC) plans. This is a report on: (1) the effects undisclosed conflicts of interest may have on the financial performance of DB plans; and (2) the vulnerabilities that conflicts of interest may pose for DC plan participants. Illus.

Defined Contribution Plans for Retirement

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Author :
Publisher : Nova Science Publishers
ISBN 13 : 9781622572724
Total Pages : 0 pages
Book Rating : 4.5/5 (727 download)

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Book Synopsis Defined Contribution Plans for Retirement by : Bruce E. Patterson

Download or read book Defined Contribution Plans for Retirement written by Bruce E. Patterson and published by Nova Science Publishers. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past 25 years, defined contribution plans, including 401(k) plans, have become the most prevalent form of employer-sponsored retirement plan in the United States. The majority of assets held in these plans are invested in stocks and stock mutual funds, and the decline in the major stock market indices in 2008 greatly reduced the value of many families' retirement savings. The effect of stock market volatility on families' retirement savings is just one issue of concern to Congress with respect to defined contribution retirement plans. This book examines fee considerations and country comparisons relating to defined contribution plans for retirement with a focus on increasing access to employer-sponsored plans, raising participation and contribution rates, helping participants make better investment choices, requiring clearer disclosure of fees charged to plan participants, preserving retirement savings when workers face economic hardship or change jobs, and promoting life annuities as a source of retirement income.

Private Pensions

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Author :
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Private Pensions by : United States. General Accounting Office

Download or read book Private Pensions written by United States. General Accounting Office and published by . This book was released on 2004 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Employee Pensions

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Author :
Publisher : Cornell University Press
ISBN 13 : 9780913447956
Total Pages : 244 pages
Book Rating : 4.4/5 (479 download)

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Book Synopsis Employee Pensions by : Teresa Ghilarducci

Download or read book Employee Pensions written by Teresa Ghilarducci and published by Cornell University Press. This book was released on 2007 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes policy directions, especially defined benefit plans and defined contribution plans, and their implications for both employers and employees. Reflects on issues of partial retirement, multi-employers plans, savings plans, and the potential and pitfalls of US Federal pension policy.

Private Pensions: Information That Sponsors and Participants need to Understand 401(k) Plan Fees

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Author :
Publisher : DIANE Publishing
ISBN 13 : 9781422398920
Total Pages : 20 pages
Book Rating : 4.3/5 (989 download)

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Book Synopsis Private Pensions: Information That Sponsors and Participants need to Understand 401(k) Plan Fees by :

Download or read book Private Pensions: Information That Sponsors and Participants need to Understand 401(k) Plan Fees written by and published by DIANE Publishing. This book was released on 2007 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Examining the Challenges Facing the Pension Benefit Guaranty Corporation and Defined Benefit Pension Plans

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Author :
Publisher :
ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Examining the Challenges Facing the Pension Benefit Guaranty Corporation and Defined Benefit Pension Plans by : United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Health, Employment, Labor, and Pensions

Download or read book Examining the Challenges Facing the Pension Benefit Guaranty Corporation and Defined Benefit Pension Plans written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Health, Employment, Labor, and Pensions and published by . This book was released on 2013 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Living with Defined Contribution Pensions

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Author :
Publisher : University of Pennsylvania Press
ISBN 13 : 9780812234398
Total Pages : 310 pages
Book Rating : 4.2/5 (343 download)

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Book Synopsis Living with Defined Contribution Pensions by : Olivia S. Mitchell

Download or read book Living with Defined Contribution Pensions written by Olivia S. Mitchell and published by University of Pennsylvania Press. This book was released on 1998-05-29 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of Contents

Defined Contribution Plans: Key Information on Target Date Funds as Default Investments Should Be Provided to Plan Sponsors and Participants

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437982182
Total Pages : 59 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Defined Contribution Plans: Key Information on Target Date Funds as Default Investments Should Be Provided to Plan Sponsors and Participants by :

Download or read book Defined Contribution Plans: Key Information on Target Date Funds as Default Investments Should Be Provided to Plan Sponsors and Participants written by and published by DIANE Publishing. This book was released on with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Retirement Plan Solution

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 047039885X
Total Pages : 0 pages
Book Rating : 4.4/5 (73 download)

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Book Synopsis The Retirement Plan Solution by : Don Ezra

Download or read book The Retirement Plan Solution written by Don Ezra and published by John Wiley & Sons. This book was released on 2009-06-29 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise For The Retirement Plan Solution "Short, clear, complete, and always interesting. Best book on DC plans and what we should do-now." —Charles D. Ellis, author, Winning the Loser's Game "At a time when the world is in turmoil, along with retirement expectations, the authors have hit a home run. After reading this book, I have a plan. Read it for your path to retirement security." —Dallas Salisbury, President and CEO, Employee Benefit Research Institute "The Retirement Plan Solution offers a refreshing and provocative perspective on how to assess retirement needs, save to meet these needs, and manage the retirement payout process. In this time of financial turmoil, employees, plan sponsors, and financial advisors will find this highly practical resource volume both useful and humorous." —Olivia S. Mitchell, Director, Pension Research Council, Wharton School "The Retirement Plan Solution is a map to the future of 401(k) retirement plans. But it is not just a theoretical view of what could be. Instead, the authors describe the needs and trends that are already here, and then describe the changes that are developing to meet those needs. It is about the tomorrow that is happening today." —Fred Reish, Managing Director, Reish Luftman Reicher & Cohen "The respected authors have created a readable, timely, and very helpful book on all aspects of retirement planning. The suggestions are practical, the information is concise, and the book is highly recommended for anyone that is interested in sound financial planning." —Moshe A. Milevsky, PhD, Finance Professor, York University, Toronto, Canada "This is a must-read for people working in the retirement industry, as well as those who simply care about how to improve their chance of reaching a financially secure retirement. In a clear and simple fashion, the authors deliver one of the best books to date on inefficiencies in the current DC plan and potential improvements." —Peng Chen, President, Ibbotson Associates

Private pensions the Pension Benefit Guaranty Corporation and longterm budgetary challenges : testimony before the Committee on the Budget, House of Representatives

Download Private pensions the Pension Benefit Guaranty Corporation and longterm budgetary challenges : testimony before the Committee on the Budget, House of Representatives PDF Online Free

Author :
Publisher : DIANE Publishing
ISBN 13 : 1428931813
Total Pages : 32 pages
Book Rating : 4.4/5 (289 download)

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Book Synopsis Private pensions the Pension Benefit Guaranty Corporation and longterm budgetary challenges : testimony before the Committee on the Budget, House of Representatives by :

Download or read book Private pensions the Pension Benefit Guaranty Corporation and longterm budgetary challenges : testimony before the Committee on the Budget, House of Representatives written by and published by DIANE Publishing. This book was released on with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: