Administration

Recordkeepers are bolstering education, projection modeling tools and tailored advice capabilities to support plan participants and encourage them to remain on track for retirement income planning.

Mercer says delving into participant data and keeping up with new product offerings, legislation and regulations can help plan sponsors improve their retirement programs in 2022.

Dr. Shlomo Benartzi says the pandemic is a perfect time to use plan design features that tap into behavioral science.

Greater engagement and education from plan sponsors and recordkeepers are key, but they need more information from participants about employee retirement readiness to form a clearer picture.

Despite employers, plan participants, retirees and near-retirees showing greater interest in lifetime income options, adoption by plan sponsors has remained muted.

While clean data is important for identifying deaths and locating participants and beneficiaries, it can also have a great cost benefit for plan sponsors implementing pension risk transfer...

Using funding relief to lower contributions to DB plans can increase PBGC premiums and get those plan sponsors that are moving toward pension risk transfer off track.

Experts discussed the types of outsourcing available to plan sponsors, from basic 3(16) administration services to full discretionary 3(38) investment management.

What questions should defined benefit plan officials ask about their cybersecurity protocols?

Plan sponsors should consider two necessary elements when benchmarking investments. Meanwhile, whether fees need to be benchmarked depends on how they are paid.

Experts discussed whether plan sponsors should have one or two committees, who should be on the committee(s) and the best approaches for documenting meetings.

Increased education and simplification will allow K-12 employees to better understand their options and how they can combine their benefits to ensure a secure retirement.

Personalized, holistic financial education through various mediums can make up for the one-on-one provider meetings they were used to before the pandemic hit.

Plan Sponsor of the Year award recipients discuss what they expect, and receive, from their advisers.

A sharp jump in the number of workers who decide to retire early does not bode well actuarially for DB plans, but experts say the pandemic-related exodus is...

Stakeholders take issue with the permissible investments under the PBGC’s interim final rule, among other things, and even if special financial assistance works, it is only a temporary...

Experts discussed what to evaluate when benchmarking recordkeepers, the differences between an RFI and an RFP and what to ask about cybersecurity processes.