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Study: Retirement Plan Fees’ Decline Slowed in 2017

HR Daily Advisor

Retirement plan recordkeeping, trust, and custody fees—in a steep decline for years under pressure from sponsors, participants, federal regulations, and litigation—remained flat for the first time since 2010, according to a new survey. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

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Study: Defined Benefit Plans Funded Ratio Increased Moderately in 2017

HR Daily Advisor

Strong market returns and larger-than-expected employer contributions shored up the funded status of the United States’ largest corporate pension plans modestly at the end of 2017, compared with the end of 2016, according to an analysis released January 2 by consulting firm Willis Towers Watson. trillion at the end of 2016 to an estimated $1.43

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Multiemployer Pension Plan Funding Nears Peak Since 2008 Crash, Study Says

HR Daily Advisor

Multiemployer retirement plans’ funding in the first half of 2017 neared its best position since the market collapse of 2008, according to a new study by the actuarial consulting firm Milliman. multiemployer defined benefit (DB) plans from December 31, 2016, to June 30, 2017. Gap Continues to Widen.

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How HR Can Tackle Diversity Using the Rooney Rule

Visier

The results were impressive – minority head coaching hires in the NFL increased from 6% to 22% in 2006 – and as the White House strives to show, the implications of the rule can be far-reaching. As baby boomers head into retirement, companies will face a huge shortage of skilled workers to replace them.

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Report Reveals Healthcare Spending Leads to Improved Health Outcomes (But to What Extent)

Extensis

Healthcare spending is rarely an indicator of good news, but a recent Health Affairs report reveals increased spending between 1996 and 2006 resulted in improved health outcomes. spent $114,339 per DALY averted between 1996 and 2016, though reported a vast difference across 34 evaluated causes with high spending.

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PBGC Adds Credit Deterioration, Cash-Flow Decline to Early Warning Factors It Monitors

HR Daily Advisor

(PBGC) has added two more conditions to the list of early warning factors that it watches and believes may endanger the funding of single-employer defined benefit (DB) retirement plans. Under the Pension Protection Act of 2006, benefit restrictions apply when a DB plan becomes underfunded to certain prescribed levels.

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3 Applicant Tracking Systems That Will Help You Hire Generation Z

Capterra

Baby Boomers currently make up about one-third of the nation’s workforce, and they’re all approaching—or have already reached—retirement age. That makes it seem like you’re all set to start welcoming Gen Z into your ranks as Boomers gradually retire, right? Gen Z is small. stars and an average Value rating of 4.8