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New study outlines best practices for DC plan sponsors

One key finding of a DC plan governance survey from Callan is the fact that smaller governance committees work better than larger ones. Here's what else they found.

By Marlene Y. Satter | Updated on October 25, 2017
One key finding of a DC plan governance survey from Callan is the fact that smaller governance committees work better than larger ones. Here's what else they found. (Photo: Shutterstock)

Sponsors of defined contribution retirement plans have somewhere new to turn if they’re seeking guidance on best practices—and something high on the list is the plan’s oversight committee.

The DC Plan Governance Survey from Callan LLC not only offers insights into what other DC plan sponsors are doing with regard to governance committees, but also provides a guide to best practices for the structure and composition of such committees, how often they should meet, what sort of agendas ought to guide those meetings and what kind of fiduciary training needs to be in place for members.

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