Tag: Defined Contribution

PGIM DC Leader Urges Aggressive Plan Design, Sponsor Courage

Drawing insights from across the entire Prudential Financial organization, Josh Cohen, PGIM head of defined contribution, offers some sobering statistics about the performance of DC plans—as well as some strategies for broadly boosting plan performance and participant outcomes.

Confusion About HSAs Remains Default Employee Position

A new survey shows many Americans are flatly unaware that they can use their health savings account assets accumulated in their working years to pay for health care and long-term care expenses in retirement—believing erroneously the money must be spent or be forfeited each year.

Transamerica Requires TPAs for Small Plans, Reflecting Competitive Landscape

Our series of behind-the-scenes articles speaking with new and established retirement plan service providers about their biggest challenges and opportunities turns next to Transamerica—which has instituted a requirement that new plan sponsor clients under a certain asset size must utilize a retirement specialist third-party administrator.

California Proposal Seeks Shift from Public DB to DC

Under a new bill in the California legislature, the state’s Human Resources Department would administer and oversee a defined contribution-type program for state employees, redirecting matching contributions that otherwise would be paid into the state pension system.

FixedFee401k Promises DC Plan Market Disruption

The firm wants to pretty much completely change the basic pricing of 401(k) plans in the small- and mid-market by establishing fixed fees for advisory services and a flat fee per participant for recordkeeping services.