The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.
Unfreezing pension plans may help with workforce recruitment and retention.
Some consultants report an increase in funded ratios, others report a decrease, while others report minimal change.
Last month had one of the highest single-month discount rate increases for many data collectors.
But that doesn’t mean corporations will reopen closed plans.
Pension funds with low fixed income and high equity allocations had a leg up.
Higher discount rates have helped, but investment managers suggest sponsors be mindful of risks ahead.
However, funded levels are likely to be lower in March as Russia’s invasion of Ukraine roils markets.
Multiemployer pension plans’ funded level rises to 91% at year-end 2021.
The plaintiffs claim the firm’s 401(k) lost as much as $85 million due to imprudent investment decisions.
A hot equities market, plus some accounting help from interest rates, aided the plans.
Asset returns of 13.4% offset plunging discount rates to lift funded levels to 88.4%.
Despite weak returns, funded levels rise for the fifth consecutive month.