◀ The Principal Blog

PBGC: A Four-Letter Word to Plan Sponsors



The noble mission of the Pension Benefit Guaranty Corporation (PBGC) is to pay benefits to the orphaned retirees of failed defined benefit (DB) plans (with some limitations). To date, they have taken responsibility for about 4,500 single employer DB plans, covering the shortfalls between benefits…

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Solider ESOP

Private Ryan



Some things are not meant to be shared. This was illustrated in the 1998 epic Saving Private Ryan. Private Ryan (played by Matt Damon) asked Captain Miller (played by Tom Hanks) to give him more detail about his wife. To which Captain Miller responds, “No, no that one I save just for me.” I was…

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