PLANSPONSOR February-march 2019

Alison Cooke Mintzer (photo by Chris Ramirez)

Framing Success

What defines a good, or great, retirement plan? And how is a plan determined to be successful? Our PLANSPONSOR awards programs—Plan Sponsor of the Year and Best in Class...
Art by Chris Buzelli

The Stories We Tell

Wedged into retirement plan industry professionals’ collective consciousness are certain essential criteria that make for a good defined contribution (DC) plan. As industry professionals, you likely know what many...

Education For Plan Committee Members

Does your firm formally educate its plan committee? How often is education supplied, and does this education include fiduciary training?

DC Metrics by Industry

Benchmarking anything can be tricky. Comparing fine restaurant cuisine with fast food or a high performance sports car with a minivan ignores important context—context that could change your opinion...

Rules & Regulations

Rule Could Increase Plan LeakageIRS rules regarding hardship withdrawals from 401(k) or 403(b) plans cover two areas, says Amy Ouellette, director of retirement services at Betterment for Business. The...

Updating Policies to Discourage Loans

Changes to maximum loan amounts and number of loans, as well as the imposition of fees and higher interest rates on loans can be written into loan policy statements in an effort to discourage this type of plan leakage.

DC Plans Are Slow to Adopt Hybrid QDIAs

Just as defined contribution (DC) plan sponsors were once concerned about automatically enrolling employees in the plan when they didn’t actively select it, they have hesitations about using qualified default investment alternatives (QDIAs) that automatically place participants in a managed account.

Embracing ESG TDFs

Many plan sponsors fear being a trendsetter, but United World College-USA is proud of using ESG investing themes in its custom target-date QDIA, built with TIAA and LongView Asset Management, and offering a guaranteed retirement income solution.

The Inventor of Index Funds

Jack Bogle set out to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their shareholders; he said this was necessary to address “major corporate conflict” inherent to the traditional approach to stock fund investing.

Speaking the Same Language

Millennials in particular found some terms difficult to understand, such as: 63%Millennialrespondents 44%Total respondents 88%Millennialrespondents 76%Total respondents Plan participant Defined contribution retirement plan According to survey responses*, participants’ preferred...

Talking Points

Strategies to Manage Retirement Timing Source: Willis Towers Watson, 2018 Longer Working Careers Survey Baby Boomers vs. Generation X What each group has saved or plans to save Source:...

Asset Consolidation

Facilitating participant roll-ins allows for a realistic view of retirement savings.

2019 Plan Sponsors of the Year

The Plan Sponsor of the Year annual award program recognizes retirement plan sponsors that show a commitment to their participants’ financial health and retirement success. The award is given...

2019 Best in Class 401(k) Plans

PLANSPONSOR is pleased to announce the fifth “class” of companies winning the Best in Class 401(k) Plan designation. Plans were rated by way of a proprietary system that weighted...

Plan Defense

Delegating tasks to a 3(16) administrator can keep a plan ‘clean.'

Picture Yourself

Behavioral strategies to make that future time seem more real.