Featured Jobs
|
Managing Director - Operations, Benefits Daybright Financial
|
|
Southern Pension Services
|
|
July Business Services
|
|
Anchor 3(16) Fiduciary Solutions
|
|
Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
|
|
MAP Retirement
|
|
Retirement Plan Consultants
|
|
BPAS
|
|
BPAS
|
|
ESOP Administration Consultant Blue Ridge Associates
|
|
Pentegra
|
|
Retirement Plan Administration Consultant Blue Ridge Associates
|
|
Retirement Relationship Manager MAP Retirement
|
|
Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
|
|
BPAS
|
|
Regional Vice President, Sales MAP Retirement USA LLC
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
What Is IBM Doing with Its Retirement Plans? and Why?
Alicia H. Munnell, Center for Retirement Research [CRR] at Boston College 
[Opinion] Nov. 28, 2023 "IBM held a surplus of about $3.5 billion in its DB plan, while it paid out $550 million annually in its matching contributions to the 401(k). Faced with no funding requirements for its over-funded plan, IBM can use the $3.5 billion surplus to pay for the 5-percent annual contributions for at least the next 6 or 7 years -- improving its bottom line by $550 million each year.... [T]his clever maneuver -- while leaving employees worse off -- certainly benefits shareholders." |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |