The firm says its new retirement plan offering, targeted at small employers, is ‘value focused’ and tailored specifically for efficiency.
Tag: Plan design
The award is given in many categories to recognize all plan types, so any plan sponsor can be eligible.
A new year is starting in less than a month, and with it will come new challenges and opportunities across a changing defined contribution plan landscape.
Industry experts say delving into why a sponsor has a retirement plan can be very instructive for plan design and outcomes.
Jason Chepenik says advisers need to continue to have the courage to try new ideas.
Advisers should watch out for unwitting partial plan terminations tied to layoffs and lasting damage to employees’ retirement readiness caused by hardship withdrawals.
Do you work with, or know of, a plan sponsor that deserves recognition for going above and beyond? Consider nominating them for a 2021 PLANSPONSOR Plan Sponsor of the Year award.
Having an odd number of members is sensible, as is pursuing a committee that reflects the employee population’s demographics.
“They are hiring advisers to understand how well their plan is functioning and how to improve it,” Jordan Burgess, with Fidelity Institutional Asset Management, tells PLANADVISER.
They impact participation, contributions and asset allocation, according to a research paper supported by a grant from the Social Security Administration.
Companies that help retirement plan sponsors with investments also provide benefits to their own employees; in some ways, assets managers’ plans resemble the broader marketplace, while in others they stand out.
Advisers can play a role by encouraging actions by plan sponsors and participants.
Nearly 86% of not-for-profit health care entities reported that financial advice in some form is offered to their defined contribution plan participants, compared to 79.4% of for-profit entities.
A panel of expert witnesses from across the financial services domain discussed shortcomings and opportunities for improvement in the U.S. retirement savings system; they urged House members to embrace bipartisanship and commonsense solutions.