Directors of companies with defined benefit retirement plans are worried they're not getting the most bang for their buck from these plans, according to a survey by Mercer.
"I think what we're finding in the survey is that for organizations that still have defined benefits plans, with what's gone in the markets, is that board members want to have more of a role," Jess McGrath, principal at Mercer, said.
Mercer's analysis of defined benefits plans offered by the Standard & Poor's 1500 showed they were funded at 86 percent at the end of May, up from 70 percent at the end of July 2012. That stability has board members ready to be more involved with how the plans benefit their companies.
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