Firms Make Last-Minute Dash for Pension Contributions in Q3
Companies bolster pensions while taking advantage of lower tax rate.
Companies bolster pensions while taking advantage of lower tax rate.
Benefitting from the corporate tax cut, and well-funded now, private-sector plans may have a rude awakening, consultants say.
Aluminum producer used proceeds from recent debt offering to fund contribution.
Report also shows that the majority of employers are upholding auto-enrollment duties.
More than a dozen public companies announced nearly $8.5 billion in contributions last week.
Changes include increased contribution limits for 401(k), 403(b), and most 457 plans.
Once the updated tax revenue is published, reduction can be formally agreed to on November 22.