NewsDash – January 22, 2019

January 22nd, 2019

2018 Defined Contribution Survey

The quest for the best defined contribution (DC) recordkeeper leads down a path well-traveled by sponsors and their advisers or consultants. Each year, DC plans of all sizes collectively issue thousands of requests for proposals (RFPs) or requests for information (RFIs) in hopes of learning how plan servicing might be improved. But it can be hard to identify clear areas of differentiation among the leading providers of recordkeeping services.Read more >

Benefits & Administration

DC Plan Sponsors Still Shunning Annuities

The top reason cited for not offering an annuity-type product in defined contribution (DC) plans is being uncomfortable or unclear about the fiduciary implications.Read more >

DC Plan Sponsors Increasing Focus on Fees

Callan’s 2019 Defined Contribution (DC) Trends Survey finds more plan sponsors have conducted fee benchmarking, there’s a shift in who is paying fees and trends regarding revenue sharing have changed.Read more >

Industry Voices

Prudence and Procedure in the Context of Protecting Against ERISA Class Actions

Retirement plan fiduciaries’ decisions are based on a process, and prudence should be baked into and visibly evident in the process.Read more >