Sharing DB strategies with DC participants

Article Abstract:

Pension sponsors such as NYNEX Corp. and Xerox Corp. have integrated the assets from their defined benefit plan and defined contribution plan in a single investment vehicle. This vehicle can be placed in a single master trust shared by both plans. If not, plans in different trusts can invest in a commingled pool of assets under the name of the fund by a trust for ERISA assets. Under a single master trust, sponsors can invest assets with teams of managers, commingle and divide these assets into units, thereby benefitting both plans, cutting down trust costs and streamlining the ERISA filing process.

Defined benefit plans

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Keeping control of the outsourced plan

Article Abstract:

More defined contribution plan sponsors are outsourcing to simplify the administrative responsibilities associated with plans. Outside providers can help in determining plan objectives, prepare written instruments and confirm compliance with coverage rules. They can also manage periodic payroll data transmissions and recommend fiduciary bonding purchases.

Evaluation, Outsourcing

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