Why Does My Funded Status Keep Going Down?

In the summer issue of Confero Magazine, Erica Harper writes about the 2012 phenomenon experienced by many pension plan sponsors who watched their funded status decrease in a year with big gains in the stock market. This article explains what happened and how a...

IRS Issues Pension Funding Stabilization Rates

As part of a recently-enacted law known as MAP-21 (“Moving Ahead for Progress in the 21st Century”), defined benefit plan sponsors were promised significantly lower contribution requirements through the “stabilization” of the interest rates used for pension funding...

Pension Funding Legislation Brings Immediate Relief

Plan Sponsor’s Prayers Answered – Pension Funding Legislation Brings Immediate Relief Much-anticipated and needed pension funding relief is expected to be approved by the House and Senate this week. As part of a transportation bill, the legislation intends to increase...

More funding relief on the way?

As defined benefit sponsors are all too aware, interest rates continue to drop, causing pension liabilities and contributions to reach all-time highs in 2012. In response to this, a bipartisan bill was introduced and approved by the Senate on Wednesday, allowing...

Local business Owners Seek Entrepreneurial Success

Less than a year ago, Erica Harper and Rob Danesh enjoyed well-established, successful careers at one of the largest employee benefits consulting firms in the world. Despite their promising futures, last Fall, the two Rochester-natives made the bold decision to leave...