TITLE

New economic reality means DB plan sponsors must focus on risk management

AUTHOR(S)
Bridgeford, Lydell C.
PUB. DATE
April 2008
SOURCE
Employee Benefit News;Apr2008, Vol. 22 Issue 5, p43
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article asserts that defined benefit plan sponsors are paying more attention to managing the risk in their plans because of the threat of a U.S. recession. A study by human resource consulting firm Hewitt Associates found that plan asset values closed in 2007 slightly worse than they had started. In the beginning of 2008, plans faced a $4 billion deficit, but increased to a position of $46 billion at year-end, closing at 96.7 percent funded.
ACCESSION #
32571988

 

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