Many businesses are trying to determine the best way to handle outdated or frozen defined benefit plans. The goal is two-fold: remove your risk while staying committed to your employees’ retirement benefits. We’ll help you achieve both.
You went above and beyond. After receiving what I requested, I responded back via email with questions and my case designer called me to explain. She was on the phone with me for a while as I continued to ask questions and did a great job explaining the benefits. I am looking forward to more with the Ash team!
Terminating a defined benefit plan is complex. Let us be your partner to get it done right.
Troublesome pension plans are a drag on your company’s prosperity. But terminating a defined benefit plan is a complex undertaking and can pose potential legal and compliance pitfalls. Ash specializes in plan terminations and can guide you through what is otherwise a vague de-risking process.
Rising costs, increased regulation and market volatility may prompt defined benefit plan sponsors to ask, “How can we … ?” We'll find the answer and deliver a solution that meets the needs of your organization.
We can provide you with the options you need to significantly reduce the size of your pension plan or completely remove pension liability from your business. Contact Steve Pilger to understand your options and dispel any misconceptions you might have.
You may be surprised to know some liability-reducing activities don’t require any additional funding. The economic cost of retaining defined benefit plan risk is comparable to transferring it to an insurer. There are numerous options available and we fit the proper solution to your participant population.
The answer lies in the approach. We provide an in-depth analysis of your plan that shows every option available to de-risk the plan including your true cost to exit the plan, a number that most plan sponsors have never seen. Our clients have eliminated their pension obligations with a positive impact on the value of their business.
It's never too late. However, expensive pension plans have been creating financial havoc for years. Volatile balance sheet liabilities, market performance, increased government fees, high professional fees and looming required pension contributions all equate to a risky future.
Yes! There are solutions available for plans of all funding levels.
In a 2014 white paper " Reducing Pension Risk: The Five Myths Holding Back Plan Sponsors", Prudential found that defined benefit plan obligations are placing constraints on company performance. Transferring a plan’s investment, longevity and expense risks will enhance a company's bottom line, which can ultimately lead to gains for shareholders.
Many plan sponsors intend to adopt LDI strategies, but fail to implement them.
