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Maximize Your DB Plan
This document provides key questions for maximizing a defined benefit plan. It asks about how interest rates affect plan costs and liabilities, the organization's funding policy, the relationship between funding ratios and investment strategy, whether the investment strategy aligns plan assets with future benefits, the potential impact of increased lifespans on costs, managing PBGC premium costs, making administration more efficient, outsourcing fiduciary responsibility, reducing funding volatility and required contributions through investment strategy, and considering de-risking strategies like annuitization and lump sum windows.
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Maximize Your DB Plan
- 1. Pentegra Retirement Services2 Enterprise Drive, Suite 408 Shelton, CT 06484 800.872.3473 www.pentegra.com ©Pentegra 2019 Maximize Your Defined Benefit Plan With These Key Questions: How do interest rates affect plan costs and liabilities? What is your organization’s funding policy? What is the relationship between funding ratios and investment strategy? Does your investment strategy closely align plan assets with future benefit liabilities? What is the potential impact of increasing lifespans on plan costs? How can you better manage and reduce PBGC premium costs? How can you make DB administration more efficient? Have you considered outsourcing fiduciary responsibility for your plan? Is your investment strategy specifically designed to reduce funding volatility and required pension contributions? Have you considered De-Risking strategies such as annuitization, lump sum windows and asset management?