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| Benefits & Administration |
| 403(b) Plans Improving Governance Practices |
| Responses to the PLANSPONSOR Defined Contribution (DC) Survey over the past three years indicate that 403(b) plan sponsors are improving certain plan governance practices. For Employee Retirement Income Security Act (ERISA)-governed 403(b) plans, the percentage using the services of a plan adviser or institutional investment consultant jumped from 59.2% in 2016 to 71.8% in 2017 and 73.3% in 2018. ERISA 403(b) plan sponsors reporting they have an investment committee and investment policy statement also grew. Even among 403(b) plans not governed by ERISA, PLANSPONSOR DC Survey results show improvement in certain governance practices.Read more > |
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| Webcast Event |
| On January 31, join Morningstar experts as they discuss research about the impact that managed accounts may have on employee savings and investing habits; how employees use a plan’s default investment and how various default decisions can lead to different retirement outcomes; and plan design features that can be used to further improve employee savings and overall retirement readiness.Read more > |
