Happy Friday, PLANSPONSOR readers! This week we learned that Roth accounts almost always generate more retirement wealth for investors, but also, the shift from employer-sponsored defined benefit (DB) plans to defined contribution (DC) plans has resulted in lower income replacement in retirement. Plan providers are stepping up to help encourage lifetime income products in DC plans and to improve financial wellness program offerings. And, profiles for our 2017 Plan Sponsor of the Year finalists are now online. All this and more in this edition of PLANSPONSOR Weekend.
The evolution of qualified default investment alternative (QDIA) structures, and the expanding flexibility for retirement income solutions are two key trends in the defined contribution (DC) space for 2017, according to the latest findings by global research and consulting firm Cerulli Associates.
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Forty percent of the recordkeepers within Corporate Insight’s Retirement Plan Monitor (RPM) coverage group are either completely overhauling or making significant enhancements to existing content.
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If legislation passes to allow for open multiple employer plans (MEPs) for plan sponsors without a common nexus, experts believe they will offer benefits to plan sponsors, but there would be some considerations to explore before joining one.