How Does Outsourcing Affect Fiduciary Duties?
ERISA experts caution that while delegating duties to outside providers can add expertise and help with the workload, plan sponsors...
Tag: DC Plan Design
Opinions |
Are DC Plans Failing Retired Participants?
By not providing sufficient tools and withdrawal options, efforts to keep retirees in plans may not be enough to enable...
Benefits |
Trump Praised Australia’s Retirement System—Why It’s Hard to Copy
‘The U.S. and Australia are slowly evolving toward each other,’ one industry expert says: One is ‘nudging participation,’ while the...
Benefits |
Vanguard: 42% of US Participants Are on Track to Maintain Lifestyle in Retirement
Broadening access to defined contribution plans could increase retirement readiness by 19 percentage points, according to the report.
Benefits |
What Happens When Default Rates Are High?
Researchers are considering what kinds of changes to savings and default rates are most effective in improving retirement outcomes.
Benefits |
How Close Are Sponsors to Using AI for Plan Personalization?
Employers are warming up to artificial intelligence in retirement planning, but its use remains in the early stages.
Benefits |
DC Plans Evolving as Retirement Income Programs
Strategies emerge to bridge the gap between savings and sustainable income.
DOL Finds Citi’s Racial Equity Program Unlawful, Rescinds Previous Opinion
The Department of Labor announced its 2023 advisory opinion no longer reflects its views.
IRS Private Letter Ruling Allows Employer to Increase Plan Design Flexibility
Under the ruling, participants are able to elect where they would like the employer’s nonelective contributions to be allocated, including...
Optimizing Plan Design in the Investment Menu
Experts discuss the trends of streamlining the investment menu and adding lifetime income options
Benefits |
Design Options: Building Strong Retirement Plans
Retirement plan designs that include features and investment options incorporating retirement income into defined contribution plans are a 'good starting...
Benefits |
Providing Retirement Benefits Can Benefit Employers
Tax benefits and new credits aim to offset the cost of setting up new retirement plans and can be a...
Benefits |
Upcoming Trends in Plan Design: From the Perspective of a Retiring Plan Sponsor
Carl Gagnon, assistant vice president of global financial well-being and retirement programs at Unum Group, reflects on his tenure and...
Benefits |
PLANSPONSOR Roadmap: Check Your Demographic Mirrors
Using data on participants’ attitudes about saving and investing can help plan sponsors create more tailored benefits, according to panelists.
Citi Gets DOL Approval for Diverse Manager Plan Fee Payments
The bank’s attorneys tout a positive response from the DOL on the program designed to promote diverse asset managers in...
Benefits |
Customized Benefits, Financial Literacy Are Key to Closing the Racial Retirement Savings Gap
It is in plan sponsors’ best interest to improve the financial health of workers and address disparities, researchers say.
NAGDCA Announces 2023 Leadership Award Winners
The awards were presented to government-sponsored defined contribution plan administrators and service providers across five categories.
Benefits |
The Retirement Income ‘Low-Hanging Fruit’ Option Open to Plan Sponsors
Plan sponsors and their retirement industry providers can take steps toward facilitating greater coordination and use of systematic withdrawals by...
Benefits |
AI Has Potential to Improve Plan Design, Expand Retirement Plan Access
Users may not be able to rely on artificial intelligence for financial advice yet, but technological developments are already making...
Has Vesting Gotten Controversial?
Education and communication are key to getting plan sponsors and participants on the same page.