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March 16th, 2018

PGIM DC Leader Urges Aggressive Plan Design, Sponsor Courage

Drawing insights from across the entire Prudential Financial organization, Josh Cohen, PGIM head of defined contribution, offers some sobering statistics about the performance of defined contribution (DC) plans—as well as some strategies for broadly boosting plan performance and participant outcomes. Read more >

Millennials Foresee No Such Thing as a Comfortable Retirement

Seventy-nine percent believe that by the age of 80, a comfortable retirement will be a thing of the past, and 70% say that is because they are unable to save as much as retirement planning tools recommend. Read more >
ASK THE EXPERTS
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts

Savings Is Decreasing Number of Americans in Lowest Asset Group

A report from Hearts & Wallets also reveals the market for existing income management tools for new retirees is 3.5 million households. Read more >

Plan Sponsors, Providers and Participants Speak of Different Perceptions, Priorities

The latest research from Cerulli Associates identifies topics where there are, as researchers put it, “surprisingly different perspectives” among key defined contribution (DC) plan industry stakeholders. The comparison clearly shows that plan sponsors and recordkeepers might not be on the same page in thinking about topics related to improving the quality of the investment lineup, minimizing fiduciary risk while avoiding litigation, and reducing plan administration costs. Read more >

Managed Accounts, TDFs and Questions About ‘Alpha’

One of the most common approaches to valuing managed account services is to compare historical investment performance with a target-date fund or similar benchmark; Empower Retirement argues there is a better approach that involves considering “an alpha-equivalent measure.” Read more >

Insights on Retirement Plan Stranded Accounts

Seventy-eight percent of missing participant account holders are employed—meaning they could have a new retirement plan to which they could roll over their stranded balances, according to a study. Read more >

Empower Launches ‘End-to-End’ Retirement Planning Solution

My Total Retirement is designed to help an individual from the goal-setting stage at the start of the one’s career through a withdrawal strategy that’s implemented when their working years conclude. Read more >

Break From the Grind: Hiring Managers Cite Latest Interview Blunders

According to a new CareerBuilder survey conducted by The Harris Poll, around half of employers (49%) know within the first five minutes of an interview if a candidate is a good or bad fit for a position, and 8% make up their mind within a half hour or longer. Hiring managers and human resource professionals shared the most unusual things job candidates have done during the interview process. One candidate asked for a cocktail. Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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