More Pension Plan Sponsors Likely To Adopt Settlement Strategies
"A growing number of plan sponsors anticipate increasing pension plan costs due to recent changes to the
"Pension plan sponsors are planning ahead and are taking actions now to better position themselves to manage volatility in their pension plans no matter what the future economic environment brings," explained
Other key findings
- 74 percent of companies have a DB plan:
- 35 percent have an open, on-going pension plan
- 34 percent have a plan that is closed to new hires
- 31 percent have a frozen plan
- 45 percent of companies recently conducted an asset liability study. Of those that have not done so, 25 percent are somewhat or very likely to in 2015
- 18 percent of companies performed a mortality study in 2014; 10 percent plan to do so in 2015
- 26 percent of companies currently monitor the funded status of their plan on a daily basis, up from just 12 percent in 2013
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