The Broker Innovation Lab celebrates brokers and other benefits stakeholders who have embraced the changing marketplace to position themselves and their business for future success
The funded status of the 100 largest corporate defined benefit pension plans improved by a whopping $388 billion in the past year, and $23 billion of that improvement came in July alone.
According to BNY Mellon Investment Strategy & Solutions Group, the funded status of U.S. corporate pensions rose 1.6 percentage points to 88.2 percent.