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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.

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