As a trusted advisor, we stand ready to guide Plan Sponsors through the complexities and everchanging landscape of pension plans. Below find valuable updates from our dedicated Defined Benefit Business Council.

Cash Balance Plans
With the Bloomberg Aggregate Bond Index declining 0.78% for the quarter1, returns for cash balance plans with high fixed income allocations were subdued during Q1, however, modest exposure to equities landed many plans in positive territory for the quarter. Cash balance updates included in Secure Act 2.0 may make it easier for plans to convert the Interest Crediting Rate from a fixed rate to a market rate, which can be more attractive to both Plan Sponsors and participants. Given persistent market volatility, Plan Sponsors should pay attention to timing of new plan entrants by reviewing participant balances that may be below the capital preservation floor or those that may be nearing the 415 max. Click here to read our newsletter…
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