Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Nova 401(k) Associates
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|2014 Lump-Sum Windows: Update on Plan Sponsor Experience (PDF)|
Apr. 2, 2015
11 pages. "[This paper describes] experience on terminated vested lump-sum windows implemented in 2014 and best practices for plan sponsors looking to implement future lump-sum windows ... [along with] related settlement transactions such as cash-out sweeps, repeat lump- sum windows, 'reminder' projects, and retiree lump-sum windows.... [The authors] analyzed plan sponsor experience related to 70 terminated vested lump-sum windows implemented during 2014, covering approximately 290,000 participants. The average lump-sum election rate for these plan sponsors was 58%. Total lump-sum payments in these windows were in excess of $4 billion, with the total lump sums offered exceeding $8 billion."
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