Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
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Great Lakes Pension Associates, Inc.
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New York City District Council of Carpenters Benefit Funds
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Fringe Benefit Group
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TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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Pollard & Associates
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Retirement Planners and Administrators (RPA)
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Defined Contribution Account Manager Nova 401(k) Associates
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Greenline Wealth Management
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Retirement Solutions Specialists
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Senior Specialist 401k Recordkeeping T Bank N.A.
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Using DB Pension Plans to Smooth Staff and Payroll Disruptions During COVID-19
Milliman May 28, 2020 "Allow the pension plan to provide in-service distributions (i.e., pension income) to help offset reductions in pay. ... [C]onsider offering a lump sum window.... Another possibility is an early retirement window.... [C]onsideration should be given to the opportunity cost associated with lost future asset returns when lump sums are paid from the plan. However, the strategy may result in a net savings beyond the effects of a reduction in ongoing pay-related costs." |
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