Wednesday, August 7th, 2024 A topical newsletter from PLANSPONSOR DC Plan Design Information for plan sponsors about plan design choices for defined contribution plans. SPONSORED AD Benefits Managed Accounts Provide Opportunity, Challenges as a Retirement Income Solution With their ability to provide personalized advice, managed accounts have become a more attractive retirement income solution, but the high fees attached to them continue to be a major criticism. Data and Research Auto-Enrollment Significantly Drives Equity in Retirement Savings Vanguard research ‘forcefully shows’ modern plan design features like automatic enrollment promote retirement savings participation across racial and ethnic backgrounds.   Benefits Upcoming Trends in Plan Design: From the Perspective of a Retiring Plan Sponsor Carl Gagnon, assistant vice president of global financial well-being and retirement programs at Unum Group, reflects on his tenure and provides insight into the future of plan design. Benefits Design Options: Building Strong Retirement Plans Retirement plan designs that include features and investment options incorporating retirement income into defined contribution plans are a 'good starting point' but can be a ‘blunt force instrument approach.' Opinions The Option of Total Retirement Outsourcing Increasing plan complexity and fiduciary liability continue to steer employers toward this growing trend. Compliance Use of 401(k) Plan Forfeitures Continues to be Scrutinized in Litigation A series of lawsuits have challenged how plan sponsors have used plan forfeitures to reduce employer contributions. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Spotlight directly in your mailbox!

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