Two Approaches to Benchmarking Plan Fees
A quick comparison of prices paid by plan sponsor peers can let a sponsor know if it should issue an RFI or RFP.
Administration
Expanding Sustainability Outside of ESG Investments
Sustainability doesn’t just come from green investments. Plan sponsors can also incorporate sustainable practices in their day-to-day work.
Variable Benefit Plans a Solution for All Types of Plan Sponsors
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.
Forces Come Together to Make PRTs More Attractive
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.
As More Retirees Remain in Plans, Retirement Income Solutions Follow
Sponsors also say the fiduciary oversight and lower fees that come with staying in the plan help participants.
Simplifying the Retirement Planning Message
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.
Questions Sponsors Need to Ask When Hiring a 3(38) Fiduciary
DC plan sponsors should examine a potential investment manager’s approach to governance as well as investing, and they should review past performance results.
Sponsors Should Have a Plan in the Event of a Cyberattack
It could be helpful to hire a third-party specialist to do a risk assessment of the handling of participant data.
A Checklist for Retirement Plan Committees
Experts discuss what main facets of a retirement plan that a committee should cover in its quarterly meetings.
How to Effectively Measure Retirement Plan Success
It’s important for plan sponsors to define plan goals and what they are going to measure, and the defined metrics should be things they can influence.
Plan Sponsors Have Fiduciary Duties to Follow During Adviser M&As
They should know the right questions to ask as advisory firm merger and acquisition activity continues to increase.
Differences Between NQDC Plans Subject to IRC 409A and 457
The nonqualified plans offered to top executives at for-profit companies are subject to different rules than those offered to executives at nonprofits.
Could There Be a Renewed Interest in DB Plans?
There are plan designs that decrease the risk and volatility for plan sponsors, and defined benefit plans offer the guaranteed lifetime income participants desire.
Portfolio Investment Mix Made a Difference in January DB Plan Funded Status
Companies that measure defined benefit plan funded status also point out that legislation has been introduced that would provide more relief for plan sponsors.
Having an IPS Doesn’t Necessarily Increase Plan Sponsor Liability
A properly drafted investment policy statement can offer guidelines and protection for plan sponsors—if it is followed.
Actions to Address Retirement Savings Shortfalls for Military Spouses
Spouses of service members face unique challenges in the workforce, including unemployment and relocations, that can make it difficult to save in retirement plans.
Provider Choice Shown to Help K-12 Employees Save More for Retirement
Relationships are important, especially considering the differences between the K-12 403(b) market and other DC plan markets.
The Value of Having a Retirement Plan Committee Charter
While not required by ERISA, attorneys say a committee charter is a best practice that can help a plan run more smoothly—and help fiduciaries avoid litigation and penalties.
Helping Workers Rebuild Their Retirement Savings Post-Pandemic
Plan sponsors should stress the need to save for retirement and allay fears about market volatility, among other things.
The Mechanics of Moving to a PEP
With a lack of regulatory guidance, plan sponsors can rely on certain existing rules to know the steps to take if they decide to move from a single-employer...