By Steve Richards
One might think DB plan sponsors looking to terminate their frozen plans are feeling increasingly sanguine after a great year of stock market performance. However, the funded status of plans has barely budged over the last year with the Milliman index increasing a scant .3% to 84.1% from 83.8% since the beginning of 2017. This would seem to beg the question: If you can’t get ahead with a raging stock market, how are things going to look if things go south? This is the essence of de-risking and why many plan sponsors are planning to terminate, or at least take a big chunk out of their risk profile through partial buyouts.