Farmer & Betts, Inc.
Kentucky Trust Company
Retirement Plan Consultants
EPIC Retirement Plan Services
Plumbers Local Union No. 1 Benefit Funds
Nicholas Pension Consultants
Hochheiser Deutsch & Co, Inc.
RTD Financial Advisors
ERISA Services, Inc.
Loren D. Stark Company
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|Competitive Pricing Rate for Pension Risk Transfer Costs Decreased in May|
June 28, 2021
"During May, the average estimated cost to transfer retiree pension risk to an insurer dropped, from 102.4% of a plan's total liabilities to 102.0% of those liabilities. This means the average estimated retiree PRT cost for the month is now 2.0% more than those plans' retiree accumulated benefit obligation (ABO). Meanwhile annuity purchase costs reflecting competition amongst insurers also decreased, from 100.1% in April to 99.7% in May."
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