PBI Blog

The Hard Truth on Pension Participant Data Management & How to Set Your Plan Up for Success

Pension plans have no idea how inaccurate or out-of-date their participant data is and it is costing them millions every year.  Even with a robust and experienced internal team maintaining and updating participant data, it is nearly impossible to keep participant information accurate and up-to-date. Participants will be missing. There are a variety of reasons so many organizations struggle with bad data including the lack of a comprehensive data source, staffing issues, the lack [...]

2024-05-01T14:23:03-05:00November 11th, 2022|Death Audit & CertiDeath, Pensions, Population Management & CertiCensus|
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Plan Sponsor Article: Pension Plan Sponsors Can Tackle Improper Payments

“People who have worked really hard for years and years and years can’t get the money that’s owed them in retirement if you don’t accurately identify them as a lost participant...you’re paying money out to people who shouldn’t be getting those payments.” said John Bikus, President of PBI Research Services. Read the full article on Plan Sponsor at: https://www.plansponsor.com/pension-plan-sponsors-can-tackle-improper-payments/

2023-06-15T13:52:59-05:00May 11th, 2022|News, Pensions|
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PBI Press Release: PBI Research Services Announces Expanded Capabilities for CertiCensus® – The First Single-Source Pension Plan Population Management Solution

MINNEAPOLIS, April 20, 2022 -- PBI Research Services, the leading death audit and locate service provider, today announced expanded capabilities of CertiCensus, the industry's first single-source proactive pension plan population management solution to help pension plans reduce costs, eliminate overpayments, ensure regulatory compliance and mitigate cybersecurity risk. The platform's capabilities now include new, automated reporting and dynamic updates to participant data, offering increased visibility for plan sponsors for more accurate and efficient participant management. This product release offers [...]

2023-06-15T13:57:34-05:00April 20th, 2022|Death Audit & CertiDeath, News, Pensions, Population Management & CertiCensus|
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Webinar Recap: CertiCensus® – Accurate, Streamlined, and Secure Pension Participant Management

Managing a pension plan becomes more difficult each year. There are numerous steps and requirements that Plan Administrators and Plan Sponsors need to take. These include sending required mailings, managing returned mail, locating missing participants and beneficiaries, identifying decedents, documenting everything, and following the latest cyber security guidance from the Department of Labor (DOL). In our recent webinar, CertiCensus®: Accurate, Streamlined, and Secure Pension Participant Management, Jeff Anderson, New Business Development Manager at PBI [...]

2023-06-15T14:52:29-05:00February 25th, 2022|Pensions, Population Management & CertiCensus, Webinar Recaps|
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Webinar Recap: Annual Funding & Other Retirement Plan Notices – What You Need to Know

Defined benefit and defined contribution plans require a variety of communication statements and notices that are critical for participants to receive. These include Annual Funding Notices (AFN), Lifetime Income Illustration in Periodic Pension Benefit Statements, Qualified Default Investment (QDIA) Notices, Automatic Contribution Arrangement Notices, and Safe Harbor Notices to name a few. There is one challenge that all of these, and other pension plan notices have in common: ensuring deliverability of accurate and compliant [...]

2023-06-15T15:05:57-05:00February 4th, 2022|Pensions, Webinar Recaps|
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