DCIIA Announces Three New Advisory Councils
New advisory councils will expand DCIIA’s research and engagement into defined contribution retirement plans.
Tag: defined contribution plans
Plan Sponsors Are Looking for More Guidance on Guaranteed Income Solutions
Sponsors want to offer guaranteed income solutions, but they are worried about the potential for additional fiduciary risk to the...
Considering Multiple QDIAs
Using dynamic qualified default investment alternatives can create opportunities to engage with participants as they transition from target-date funds to...
Funding the Future Self
To their detriment, plan participants often fail to opt in to in-plan financial advice—but that may be changing.
Fidelity’s Bitcoin Launch Plan Rebuked by DOL
The acting assistant secretary for the Employee Benefits Security Administration has ‘grave concerns’ about Fidelity’s bitcoin 401(k) offering.
Spousal Protections in DC Plans Eyed by Key Senators
Lawmakers have asked the Government Accountability Office to study the need for greater spousal protections in defined contribution retirement plans.
Strategies to Simplify DC Plan Investment Menus
Plan sponsors can use a layering approach and white labeling to help defined contribution plan participants select investments.
Study Shows the Value of DC Plans for Employees
An ICI survey also found defined contribution plan participants want to maintain control of their investments. Fortunately, most plans offer...
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Fidelity Introduces Tool to Help Employers Measure Benefits Equity
It examines benefits across all four domains of total well-being: health, life, work and financial.
Plan Sponsors Still Aren’t Embracing ETFs
Many defined contribution plan sponsors are focusing on lower fees, which is a selling point for exchange-traded funds, but there...
Participants Will Need Support to Understand Lifetime Income Projections
Recordkeepers are bolstering education, projection modeling tools and tailored advice capabilities to support plan participants and encourage them to remain...
Pandemic Has Hurt Women’s Retirement Confidence
Plan sponsors are presented with an opportunity to help women who are feeling off course from their financial and retirement...
DB Plans Retain Cost Advantage Over DC Plans
New research by the National Institute on Retirement Security reaffirms earlier findings on the greater cost savings and efficiencies provided...
Employees’ Improved Finances Mean More Demand for Financial Wellness Tools
Two-thirds of employees surveyed said having access to a financial wellness program would make them more likely to stay with...
Reframing Participant Communications Is Key for Plan Sponsors to Boost Retirement Savings
A panel of retirement researchers examined participant behaviors that can assist with or deter workers from achieving optimal savings outcomes.
Finalized Form 5500 Changes Add Little to Plan Sponsors’ Responsibilities
While plan sponsors will need to ensure the form contains accurate data, many of the proposed changes to the 2021...
Practical Implications of DOL’s Latest Private Equity Statement
The Department of Labor’s supplemental statement is a tonal shift rather than a substantive change that reflects the continuing courtship...
Considerations to Help DC Plan Sponsors Regroup for the New Year
Mercer says delving into participant data and keeping up with new product offerings, legislation and regulations can help plan sponsors...
Increasing DC Plan Default Deferral Rates a Better Driver of Higher Savings
New research evaluates whether a higher default savings rate or a higher match has a greater impact on retirement savings...
DOL Clarifies Stance on Private Equity Investments in DC Plans
The supplemental statement refines its June 2020 information letter on including private equity investments in participant-directed retirement savings plans.