DB plan sponsors have been developing de-risking strategies that may incorporate a variety of tactics such as LDI investment strategies, lump sum offerings, and annuity buy-ins and buy-outs. The tactics chosen will depend on the financial environment and discount rate, as well as the plan’s objectives, funded status, fiduciary considerations and the size of the its obligations. Regardless, the overall risk reduction strategy must align with the company’s overall financial and human resource strategies. The de-risking strategies adopted are likely to be as diverse as the companies themselves.