To be considered, a plan sponsor must first be nominated for
the award. Nominations are accepted from across the industry, after which the
sponsor is asked to complete an online form providing details about its plan’s
administration, participant statistics and data, such as participation rates. A
committee of PLANSPONSOR editors reviews the submissions and selects those that
rise to the top.
Considering the breadth and depth of retirement programs
available today, we have divided the awards into five categories. This allows
us to acknowledge the differences in resources and approaches between the
public and private sectors, as well as for-profit and nonprofit institutions.
Selecting finalists, while not a science, requires the
judges to consider factors including richness of program offerings, commitment
to the plan, leadership and innovation. That type of dedication manifests
itself differently every year and in every sector of the marketplace, but all
finalists show a commitment to their participants’ financial health and
The pool of those entries is full of remarkable stories, and
unfortunately the selection of finalists and winners means we could not
acknowledge the efforts of many wonderful plans and plan sponsors.
The winners of the 2014 PLANSPONSOR Plan Sponsor of the Year
Awards make decisions with an eye toward trends developing in the current
market environment, they apply the evolving best practices in the industry and
achieve outcomes for others to emulate.
Our heartiest congratulations to the programs
profiled on the pages that follow and to the plan sponsors that make those
programs possible. We are honored to be part of sharing your insights and
For detailed profiles on the finalists, click here.