Dayforce Inc.
Dayforce, Inc. Transfers Pension Obligations to Nationwide Life & Annuity Insurance Company
Summary
On September 11, 2025, Dayforce, Inc. announced the transfer of its pension plan's defined benefit obligations to Nationwide Life & Annuity Insurance Company and Nationwide Life Insurance Company. This transfer, expected to complete in Q3 2025, involves a nonparticipating single premium group annuity contract covering approximately 6,200 participants. The transaction, funded by Plan assets and a $7 million cash contribution from Dayforce, Inc., will not alter the benefits payable to the participants. As a result, the Company anticipates a one-time non-cash pre-tax pension settlement charge of $170 million to $190 million in Q3 2025, pending finalization of actuarial assumptions.
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About Dayforce Inc.
Dayforce Inc. is a leading provider of comprehensive human capital management (HCM) solutions, operating within the software and technology sector. The company primarily develops and markets the Dayforce HCM platform, which integrates various human resources functions such as payroll, benefits, workforce management, and talent management into a single, cloud-based system. This integration allows businesses to streamline their HR processes, improve efficiency, and enhance employee experience through advanced data analytics and real-time updates. Serving a wide array of industries, Dayforce Inc. plays a critical role in helping organizations manage and optimize their workforce operations effortlessly. Its innovative platform is utilized by companies seeking to modernize their human resource functionalities and gain insightful analytics for strategic decision-making. Dayforce's market significance is underscored by its ability to adapt to the evolving needs of businesses, underscoring the shift towards digital solutions in HR management.
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