Advisers wish fiduciary responsibilities were more top-of-mind for committees and that sponsors would better define what success means for their plans.
Helping DC plan participants create retirement income starts with the savings experience and includes using technology to offer customization opportunities, as well as non-guaranteed and guaranteed investments.
Experts share insights about implementing the guidance and warn that plan sponsors can expect investigations from the agency now that there are guidelines.
Corporate, multiemployer and public plan sponsors have been drawn to variable benefit plans for their ability to minimize costs while offering guaranteed income to participants.
Increased funded status for DB plans and rising interest rates make now a good time for plan sponsors to consider implementing pension risk transfer transactions.
DC plan sponsors should examine a potential investment manager’s approach to governance as well as investing, and they should review past performance results.
The nonqualified plans offered to top executives at for-profit companies are subject to different rules than those offered to executives at nonprofits.
There are plan designs that decrease the risk and volatility for plan sponsors, and defined benefit plans offer the guaranteed lifetime income participants desire.
Companies that measure defined benefit plan funded status also point out that legislation has been introduced that would provide more relief for plan sponsors.