Week ending November 2nd, 2018

In this issue, we discuss how certain participant characteristics should influence plan design, the significance of more deeply analyzing employee data when it comes to fortifying retirement readiness, and the significant results strategic thinking can deliver for plan sponsors. Additionally, we cover the effects of white label investments and collective investment trusts (CITs), and how participants rank automatic plan design features. Find all this and more in this edition of PLANSPONSOR Weekend—Plan Design and Administration.

Plan Design and Administration

Administration

Money Personalities Can Inform Financial Wellness Program Decisions

PwC has identified findings about money personalities and behaviors that can influence how employers tailor their approach to financial wellness programs.Read more >

Administration

Using Detailed Plan and Participant Analytics Can Improve Retirement Readiness

Willis Towers Watson believes plan-wide statistics on mean or median participation rates, balances or contribution rates cannot be the sole basis of plan design decisions, because they offer little in the way of insight into retirement adequacy and meaningful benchmarks for individuals or segments of the population.Read more >

Administration

Successful Plans Embrace Strategic Thinking

The challenge of learning to think strategically impacts plans of all sizes, says Mel Hooker at Wells Fargo; even large employers with ample resources can have trouble setting goals and knowing how to pursue them.Read more >

In the Magazine

Fund Change

Bringing white label investments and CITs to plans of all sizes.Read more >

Administration

Retirement Plan Design Options Can Help With Individual’s Savings Concerns

The Standard recommends automatic plan features as well as managed accounts.Read more >

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