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| Benefits & Administration |
| More DC Plan Sponsors Looking to Outsourced Fiduciary Services |
| The Department of Labor (DOL) conflict of interest rule provides a tailwind for the adoption of outsourced fiduciary services in the defined contribution (DC) plan market, according to the latest research from Cerulli Associates. There is a spectrum of fiduciary services offered to DC plans, according to Cerulli. “Baked in” 3(21) and 3(38) fiduciary services embedded in the recordkeeper platform are more common to plans with less than $5 million in assets. For the $5 million to $500 million DC plan market, advisers and consultants offering 3(38) discretionary investment advice are more common. For DC plans with greater than $500 million in assets, the outsourced chief investment officer (OCIO) model is most common.Read more > |
| Majority of Americans Under-Funding Health Care Savings |
| The majority of health care consumers surveyed by Alegeus are under-funding their health care savings. Though up 18% from last year, the degree of health care savings discipline scored just 25.9 on a 100-point scale, according to Alegeus’ 2017 Consumer Healthcare Savings Index. Only 36% have budgeted to make monthly contributions to their health care savings, and 32% have savings goals to cover long-term health care costs.Read more > |
