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Defined Benefit Plans

The Rise and Fall of Employer-Sponsored Pension Plans

January 24, 2012
To celebrate Workforce Management's 90th anniversary, we're running a series of articles looking at important workforce-related issues with a then-and-now theme. This installment examines the history of employer-sponsored pension (defined benefit) plans with a focus on the turbulent 1930s, what's happening with those plans today, and what the future of employer-sponsored retirement looks like. Next month, we look at the 1940s and the return of veterans into the workforce.
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A ‘Father's' Wisdom: An Interview With Ted Benna

January 20, 2012
As part of our 90th anniversary, Workforce Management is talking to some of the people and organizations that helped influence today's workplace. In this installment, Workforce Management contributor Patty Kujawa speaks with Ted Benna, the "father" of the 401(k). In the early 1980s, Benna, a benefits consultant saw an opportunity in the tax code that ultimately made 401(k) plans flourish. It earned him the "father" title. Benna says at the time there wasn't a strong incentive for employees to contribute. So in 1981 he asked the Internal Revenue Service to change certain rules, which led to today's 401(k)s. Benna is currently the president of the 401(k) Association and chief operating officer at Malvern Benefits Corp.
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The Rising Price of a Cheap Retirement Plan

January 18, 2012
For about 20 years, employers could erode the quality of their retirement benefits without paying much of a price. Those days are over. And wise employers are seeing greater retirement security for workers as a goal that helps both employees and the organization.
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DC Assets Eyed By Investment Giants

December 27, 2011
With their sights set firmly on the trillions of defined contribution plan assets expected to move into customized target-date funds before the end of the decade, Bridgewater Associates LP and AQR Capital Management LLC are looking to make sure their risk-parity and hedge fund strategies are readily available for use as components within the target-date series.
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