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Southern Pension Services
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Managing Director - Operations, Benefits Daybright Financial
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Anchor 3(16) Fiduciary Solutions
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BPAS
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Retirement Plan Administration Consultant Blue Ridge Associates
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Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
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July Business Services
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MAP Retirement
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Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
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As Insurance Companies Take Over Defined Benefit Plan Assets, Is Your Pension at Risk?
NBC News 
June 16, 2020 "Pension obligations are costly and companies have been eager to jettison them in recent years. Insurers have been happy to take on their assets -- such deals have totaled $110 billion since early 2015. But pensions taken over by private insurers are not protected from default by the government-backed PBGC ... [I]nsurers are regulated by the states, not the federal government, and some are now affiliated with private equity firms, whose focus is often on short-term profits which can conflict with insurers' long-term obligations." MORE >> |
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