"September was favorable from a liability perspective ... [A] balanced portfolio for a frozen pension plan likely saw improved funding status in the month. For the year, liabilities are down 4.6%-7.5% according to the FTSE Pension Liability Index, depending on their duration.... Additionally, contribution activity in September was exceptionally high among plan sponsors due to tax benefits that expired on 9/15/18. If returns are even flat for the year, many plan sponsors may be in a position to de-risk."  MORE >>