"Although the Fair Market Value (FMV) of a plan's assets may have decreased by 25% or more, there may be little or no impact on DB plans' funding costs: [1] Unfunded liabilities are at their least for valuation dates on or before February 1, 2020.... [2] Life annuity payments directly from DB Plan assets smooth the effects of market fluctuations.... [3] Lump Sum Distributions and single premium life annuity purchases amplify market losses.... [4] DB Plan investments are outside the reach of panicky participant investment churning.... [5] DB Plans usually limit participant withdrawal rights before retirement age."  MORE >>