A better investment mix and increased savings are just two advantages participants who have disengaged with prior plan accounts gain by consolidating them, and plan sponsors can also...
Experts say specific communication strategies can help engage participants and lead to better outcomes.
It’s important to assemble the right people with the right tools to make a retirement plan committee as efficient as it can be.
There are plan design features, communications and investment options that can help participants near retirement stay on track for retirement security.
Now that the worst of the coronavirus pandemic has lifted and work has largely returned to normalcy, so too has retirement plan sponsors’ commitment to finessing plan design.
Today’s recordkeepers, advisers and plan sponsors all view outsourcing as part and parcel of a retirement plan’s day-to-day operations.
Industry experts discussed how to work with providers to ensure success for your plan.
ERISA accounts are created by revenue sharing from funds in a DC plan, and many participant lawsuits have questioned the prudent and fair management of revenue sharing.
Advisers wish fiduciary responsibilities were more top-of-mind for committees and that sponsors would better define what success means for their plans.
DCIIA hopes its new retirement income glossary will help sponsors ask important questions, such as, “Do we want to keep retirees in the plan?”
Helping DC plan participants create retirement income starts with the savings experience and includes using technology to offer customization opportunities, as well as non-guaranteed and guaranteed investments.
Overpayments are more common than many sponsors think; they should understand the steps they can take to get the money back.
Sustainability doesn’t just come from green investments. Plan sponsors can also incorporate sustainable practices in their day-to-day work.
Corporate, multiemployer and public plan sponsors have been drawn to variable benefit plans for their ability to minimize costs while offering guaranteed income to participants.