Week ending October 6th, 2017 Happy Friday, PLANSPONSOR readers! This week’s focus is on plan design and administration. Our annual Defined Contribution (DC) Survey serves as a source for plan sponsors wanting to benchmark their plan designs, and the opportunity to participate in our 2017 survey is now open. According to a survey by Deloitte, plan sponsors are focusing more on fiduciary responsibilities—by lowering investing costs, tracking retirement readiness and using targeted communications, among other things. And speaking of retirement readiness, a white paper from TIAA suggests policy changes and plan sponsor initiatives can make in-plan guaranteed income options more appealing. For those plan sponsors that use the services of a third-party administrator (TPA), changes in the market are leading TPAs to offer more services. And, retirement plan sponsors are not the only ones focused on plan design and administration; sponsors of self-insured health benefits can learn from insurers about the best management and plan design for their plans. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice Deals and People 2017 Annual Defined Contribution (DC) Survey Now Open! Looking to benchmark your DC plan? Want to recognize your provider/service team for outstanding service or offer confidential feedback about areas for improvement? Our annual DC Survey can help.Read more > Data and Research Sponsors More Focused on Their Fiduciary Responsibilities The uncertainty over the fiduciary rule and increased participant litigation are prompting sponsors to move to lower-cost investment options, conduct retirement readiness assessments and target communications.Read more > Administration Embracing In-Plan Annuities Specific policy changes and plan sponsor initiatives can make guaranteed lifetime income a norm in the DC plan space, TIAA suggests.Read more > Administration The TPA Landscape Is Changing There have been a rash of third-party administrator (TPA) acquisitions recently, and TPAs are offering new services.Read more > Benefits Saving on Health Benefit Costs With Self-Insured Plans There is a move among employers to self-insure health benefits, but if employers don’t act like insurers, they are missing out on the total cost-saving potential.Read more >
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