Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 26th, 2015
Webcast Event
Join us for a webcast that will highlight our 2014 MullinTBG/PLANSPONSOR Executive Benefits Survey results, with a focus on identifying barriers to participant engagement—including the surprising and not so obvious—and how we can leverage new communication and education tools that take a more intuitive and simplified approach to positively influence behavior that can lead to more successful outcomes for participants and plan sponsors alike.Read more >
Benefits & Administration
What Providers Should Bring to Communications
There aren’t many different ways a retirement plan provider can say it processes transactions promptly and makes sure participants have correct information, but a provider can differentiate itself by what it offers for participant communications, according to Cynthia Hayes, president of Oculus Partners. In a webcast sponsored by communications provider Broadridge, Hayes noted that communications is one of the largest areas of expenditure for plan providers and plan sponsors. It is one of the fastest-changing areas in retirement plan administration, as technology and participants change, so it requires long-term investing of money and resources. Plan sponsors wanting to step up participant communications should make sure their providers are in tune with the latest trends.Read more >
Some DC Plans Not Taking Advantage of QDIAs
Half of plan sponsors do not take advantage of qualified default investment alternative (QDIA) safe harbor protections, according to preliminary results from an upcoming survey report from AllianceBernstein. Richard Davies, senior managing director of defined contribution and co-head North America at AllianceBernstein Institutional Investments, says this seems to parallel the finding that more than one-third of plan sponsors do not actually know they are fiduciaries.Read more >
Behaviors That Sabotage Retirement Savings
Years of education, communication strategies and support haven’t done as much to move the needle on retirement plan participant retirement readiness as plan sponsors and advisers hope to see. For America Saves Week, Prudential wanted to answer a simple question: Why is long-term savings so hard for participants? According to Jennifer Putney, vice president of Total Retirement Solutions at Prudential Retirement, the firm turned to the behavioral sciences to formulate an approach that would help them understand the behaviors that help or hinder decision-making.Read more >