In 2022, the funded status of $20 billion club members reached its highest level since 2007 due to steep rises in discount rates.
Over the past decade or so, there has been a broad trend in the industry toward closing and freezing defined benefit plans.
Many investment strategists are forecasting that the U.S. economy could experience a recession in the next year or two.
Members of the $20 billion club continue to look for ways to reduce the cost and risk of their jumbo-sized DB plans. Read about these latest trends.