Article written by Nisha Singh and Nellie Hua, consultants at PBI Actuarial Consultants Ltd., published in the Benefits and Pensions Monitor Online.
Benchmarking is a very effective tool often used in the business world to compare things. It lets you know exactly where you stand. In particular, it has specific application to pension and benefit plans. Single employer pension plans have been doing this for years and now there is an opportunity for multi-employer and target benefit plans to do the same.
Here are the seven top reasons why multi-employer pension plan (MEPP) and target benefit plan (TBP) trustees and administrators should strongly consider benchmarking their plan.
Please click on the link above to view the article.