You've witnessed the dramatic shift in the defined benefit plan market. At one time, DB plans were the primary employer-sponsored retirement benefit. Today, frozen DB plans make up an estimated one-third to one-half of the overall DB market.
Sponsors of hard frozen DB plans continue to feel the financial strain of low interest rates and volatile markets. And many aren't sure how to take the next logical step—shutting the plans down altogether. This presents an excellent opportunity for financial professionals with the knowledge and resources to guide plan sponsors through the termination process.
How big is the opportunity? Total assets in the DB market were $2.6 trillion as of December 31, 2010. With frozen DB plans counting for one-third to one-half of the overall DB market, that equates to a frozen DB plan market of about $1 trillion (yes, that's trillion).
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
