"For sponsors, probably the greatest significance of the report is its recommendations. These include: [1] sponsor reporting (e.g., to DOL) of de-risking transactions; [2] much more robust pre-decision disclosure to participants; [3] reconsideration of the use of a lump sum valuation interest rate based on a prior year 'lookback rate;' and [4] a timeline for adopting an update to current mortality tables."  MORE >>