Administration

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.

Experts share insights about implementing the guidance and warn that plan sponsors can expect investigations from the agency now that there are guidelines.

Overpayments are more common than many sponsors think; they should understand the steps they can take to get the money back.

What to know about the DB plan with DC plan features.

A quick comparison of prices paid by plan sponsor peers can let a sponsor know if it should issue an RFI or RFP.

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.

Increased funded status for DB plans and rising interest rates make now a good time for plan sponsors to consider implementing pension risk transfer transactions.

Sponsors also say the fiduciary oversight and lower fees that come with staying in the plan help participants.

Employees need to be taught how to manage finances and save for the future before being advised on how to create an income stream in retirement.

It could be helpful to hire a third-party specialist to do a risk assessment of the handling of participant data.

Companies that measure defined benefit plan funded status also point out that legislation has been introduced that would provide more relief for plan sponsors.