Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 4th, 2015
Benefits & Administration
Regulations Are Sponsors’ Primary Concern
Reducing plan costs and reevaluating the investment menu trail regulations for top sponsor concerns. Asked their top three retirement plan issues, 49% of sponsors first cite complying with regulations, followed by reducing plan costs (47%), and reevaluating the investment menu (45%), according to a new report from Cogent, “Navigating Change in the 401(k) Market: Key Insights for DC Plan Providers and Investment Managers.” Read more >
Fifty-five percent of plan sponsors on Ascensus’ platform funded a match in 2014, up from 52% in the previous year, according to the recordkeeper’s analysis of the retirement plans it serves. In addition, 18% of plans automatically enrolled participants in 2014, up from 15% in 2013. Assets in model portfolios and target-date funds (TDFs) have surged from 17% of all plan assets in 2011 to 26% in 2014. Digital access is also fundamental, as 85% of new enrollees sign up for their retirement plan online.Read more >