Junior Implementation Specialist - 401(k) Administration Ubiquity Retirement + Savings |
Retirement, LLC |
Site Manager / Senior Administrator Nicholas Pension Consultants |
Jocelyn Pension Consulting |
Loren D. Stark Company |
Director of Pension Administration Primark Benefits |
CMC Pension Professionals |
Primark Benefits |
EPIC RPS |
Aimpoint Pension |
Hessel & Associates, LLC |
MGKS |
Senior Defined Contribution Account Manager Nova 401(k) Associates |
401(k) Retirement Plan Administrator Midwest TPA with Remote Workforce |
Retirement Plan Relationship Manager â DB or DC Focus Trinity Pension Consultants |
United Benefit Pensions Inc. |
Loren D. Stark Company |
Hicks Pension Services |
Manager - Defined Contribution Plans M2B Retirement Consulting LLC |
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GAO Testimony: Airline Plans' Underfunding Illustrates Broader Problems with the Defined Benefit Pension System U.S. Government Accountability Office [GAO] ![]() Feb. 7, 2005 13 pages. "[P]roblems include cyclical factors like the so called 'perfect storm' of key economic conditions, in which declines in stock prices lowered the value of pension assets used to pay benefits, while at the same time a decline in interest rates inflated the value of pension liabilities. The combined 'bottom line' result is that many plans today have insufficient resources to pay all of their future promised benefits. Other long term trends suggest more serious structural problems to the system, including a declining number of DB plans, a decline in the percentage of participants that are active (as opposed to retired) workers, and other factors. Existing pension funding rules and the current structure for paying PBGC insurance premiums have not ensured that sponsors contribute enough to their plans to pay promised benefits." [GAO-05-108T, published Oct. 7, 2004, released Oct. 7, 2004] |
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