Archive: Alicia H. Munnell

Group of white paper plane in one direction and one red paper plane pointing in different way on blue background

IBM announced last November that it would no longer contribute a traditional company match and instead reopen the cash balance component of its previously frozen defined benefit plan.  The question is, what other companies might follow suit?  The answer is mainly big banks, but let me provide a little background. Starting in January 2024, IBM ended its…

two persons holding pieces of jigsaw puzzle

We just released a report that explores the possibilities and limitations of Multiple Employer Plans (MEPs) to improve coverage in employer-sponsored retirement plans.  The lack of consistent coverage – a pressing concern for the nation’s retirement income security – is driven by small employers. A MEP is a retirement plan – generally a 401(k) –…