When defined benefit plan sponsors opt to freeze their plans but find that low interest rates and rollercoaster markets aren't healthy for long-term plan survival, are there other options?
Pulling the plug and actually shutting down the plan is a tangible choice, although it can be a precipitous endeavor.
The Principal Financial Group is attempting to make that difficult procedure somewhat more simple through both an informational white paper ("Winding Down Your Hard-Frozen Defined Benefit Plan") and its own set of services in managing and closing defined benefit plans.
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