Findley’s Tom Swain spoke with PLANSPONSOR regarding the impact of lower interest rates on defined benefit plan sponsors. In the article, Tom reveals that overall, the private-sector defined benefit pension plan funded status dropped by approximately 9% since March, and he shares how the latest funded status is tracking. Additionally, Tom speaks about the actions public and private-sector plan sponsors should consider.
Tom has over 30 years of experience working with employee benefits. Tom has consulted in the design, funding, administration, and fiduciary and regulatory compliance of defined benefit, defined contribution, and nonqualified deferred compensation plans.