Multiemployer Review: Balance forward defined contribution plan challenges in turbulent times

Due to the coronavirus outbreak, the recent economic downturn has had a significant impact for many participants’ retirement accounts. The downturn in the stock market has left defined contribution (DC) plans that only value participant accounts on a daily basis in a predicament based on how and when they pay distributions to their participants. This article provides an overview of the distribution process and why now may be a good time for trustees to consider moving the DC plans to a daily valued environment.