Products January 15, 2013
TIAA-CREF Offers Plan Sponsor Education
January 15, 2013 (PLANSPONSOR.com) – The latest thought leadership from TIAA-CREF addresses fiduciary responsibilities and plan sponsor concerns.
Reported by PLANSPONSOR staff
The firm offers a four-part series about fiduciary responsibility and a three-part series about plan sponsor challenges.
Highlights of “Fiduciary Responsibility Series Part 4: Investments — the foundation of retirement readiness” include:
- How fiduciaries can prevent mistakes related to selecting and monitoring investments,
- The risk of personal liability for investment losses resulting from a failure to perform fiduciary duties,
- The need for a prudent investment selection and monitoring process,
- The need for diligent and regular investment reviews and adjustments, and
- The importance of seeking expert assistance.
Highlights of “Plan Sponsor Challenges Series Part 3: Helping your employees make the right choices for lifetime income” include:
- The importance of focusing on retirement readiness, leading to lifelong financial security and well-being,
- The growing importance to participants of guaranteed lifetime income,
- The need to focus on lifetime income and savings accumulation in plan design, and
- The value of the “pension” that didn’t disappear: guaranteed fixed annuities.
The firm also offers a series about the aging workforce.
TIAA-CREFS Views & Commentary can be found here.You Might Also Like:
How Should Plan Sponsors Stand Up a New Retirement Plan Committee?
Plan sponsors can find education and training for their retirement plan committees from several sources, but how best to build...
How Sponsors Can Get the Most out of DC Plan Design Changes
Annuities may be a hot topic, but sponsors can add the most value to plans by incorporating features like auto-enrollment...
Benefits |
DOL Prevails in Court Orders, Removing TPA From Acting as Fiduciary for Sponsors
The regulator prevailed in motions against a Pennsylvania retirement third-party administrator it alleges stole $5.5 million in retirement plan assets...