This week’s news shows multiemployer pension plans are in a pickle—struggling with unfunded liabilities, applying to reduce benefits and experiencing a backlash from retirees about these efforts. In other news, a survey finds working with a human reaps more financial wellness benefits than just engaging online, and regular magazine contributor John Keefe discusses why plans may want to white label their investment options. But, the big news on PLANSPONSOR.com this week is we have revealed profiles for our Plan Sponsor of the Year finalists.
Plan sponsors contend with many forces in the defined contribution (DC) environment: maximizing plan participation and deferrals, and offering participants diversified yet decipherable investment options—all at reasonable cost. Relief from several of these pressures can be found in white label funds.Read more >