The average funded status for pension plans was 92 percent to 95 percent in early 2014, according to research by Towers Watson. That’s good news for defined benefit plan sponsors, but now is the time for employers to give some serious thought to the future of their plans, according to Paul Bosse, Kimberly Stockton and Nathan Zahm, defined benefit retirement plan experts at Vanguard.

The biggest thing plan sponsors need to do in light of the increase in funded status is to take action to retain their robust funding, while at the same time recognizing that funded status is a key influencer in decision-making going forward, Vanguard said.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.