Sponsors of defined contribution retirement plans must focus on retirement outcomes that help participants meet their objectives and manage their risk, according to a 2014 forecast by Mercer.
Helping employees put their financial house in order has bottom-line advantages for their employers, the company said, but managing litigation, audit and public-relations risk has become more complex. The upcoming year will see many changes, including judicial action, regulatory developments and stepped up litigation and enforcement. Mercer believes that establishing best practices across all areas of DC plan management is critical as they have become the primary savings vehicle for many U.S. workers.
Mercer recommends that DC plan sponsors take the following 10 steps in the new year:
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
