Plan Progress Webinar: Benchmarking Your Recordkeeper
Experts discussed what to evaluate when benchmarking recordkeepers, the differences between an RFI and an RFP and what to ask about cybersecurity processes.
Administration
Engaging K-12 Employees With Retirement Saving in a Changed Environment
A mix of virtual and in-person education and planning, along with digital tools, is helping meet the needs of K-12 retirement plan sponsors and participants in a hybrid...
Ensuring Clean Participant Data
Keeping participant data accurate could help plan sponsors avoid dealing with missing participants or a cybersecurity attack.
Actuarial Assumptions Do Not Affect Actual DB Costs
'Experience studies’ and certain types of modeling will help plan sponsors find a better balance between assumptions and experience to avoid future cost surprises.
Standard Agreements Aim to Make PRTs More Efficient
The pension risk transfer trend is expected to continue, though most transactions are implemented by large companies, and transferring pension obligations isn’t right for every plan sponsor.
Addressing Forgotten Accounts Can Improve Retirement Savings Outcomes
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...
The Allure of PEPs for Current Plan Sponsors
PEPs offer some advantages worth considering even if plan sponsors already have help and think their plans are running fine, experts say.
Paths to Salvage Participants’ Retirement Savings
With a higher percentage of full-time workers leaving their jobs, experts suggest plan sponsors and plan advisers educate employees about self-funded retirement programs.
PSNC 2021: Communications That Connect — Getting Through to Participants
Experts say specific communication strategies can help engage participants and lead to better outcomes.
PSNC 2021: A Checklist for Your Retirement Plan Committee
It’s important to assemble the right people with the right tools to make a retirement plan committee as efficient as it can be.
PSNC 2021: Managing Crisis: Investing Lessons From an Aging Workforce
There are plan design features, communications and investment options that can help participants near retirement stay on track for retirement security.
PSNC 2021: Plan Design Elements to Improve Outcomes
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.
PSNC 2021: How Outsourcing Fits into Your Plan Administration
Today’s recordkeepers, advisers and plan sponsors all view outsourcing as part and parcel of a retirement plan’s day-to-day operations.
PSNC 2021: What to Expect From Provider Relationships
Industry experts discussed how to work with providers to ensure success for your plan.
Plan Sponsors Should Prudently Manage ERISA Accounts
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.
What Advisers Would Like Plan Sponsors to Better Understand
Advisers wish fiduciary responsibilities were more top-of-mind for committees and that sponsors would better define what success means for their plans.
Helping Sponsors Speak in the New Retirement Income Tongue
DCIIA hopes its new retirement income glossary will help sponsors ask important questions, such as, “Do we want to keep retirees in the plan?”
Technology and Personalization Play a Part in Next Gen Retirement Income
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.
The DOL’s Cybersecurity Guidance in Practice
Experts share insights about implementing the guidance and warn that plan sponsors can expect investigations from the agency now that there are guidelines.
You’ve Overpaid Retirement Benefits to a Participant … Now What?
Overpayments are more common than many sponsors think; they should understand the steps they can take to get the money back.