Onward and Upward!
The Making of a Modern DC Plan
As another generation enters the workforce, and with a bull market flouting its expected shelf-life, stewards of defined contribution remain challenged to provide their participants with the necessary tools for a secure retirement. Forced to operate within an increasingly complex investment environment, rife with legal tripwires, plan sponsors must seek a proper balance between innovation versus fiduciary responsibility. And given the vast demographic and behavioral disparities within employee populations, each containing multiple layers of unique considerations, it’s fair to say that there really is no one typical employee.
Given these factors and acknowledging that what has worked in the past will be insufficient going forward, DC plan sponsors need to continuously re-think and re-tool their plan structures and offerings. But with so many options on the table, be it a complex plan adjustment or merely a simple product tweak, the litany of choices, and subsequent related decisions, keeps expanding: whether to introduce white label funds; implement re-enrollment programs; expand or reduce menus; or provide post-retirement assistance.
Bottom line: which factors have contributed to plan sponsors taking their respective positions and how are they changing their investment line-up and plan structures to facilitate better outcomes?
The 401(k) / 403(b) Investment Lineup will provide a closed-door setting for valuable peer-to-peer brainstorming and education. Utilizing an agenda crafted BY plan sponsors, FOR plan sponsors, numerous overarching and interconnected themes will be examined.
- Governance and the evolving role of the plan sponsor as fiduciary;
- Investment offerings to mitigate the lower-return environment expected in the years ahead; and,
- The latest thinking on optimal ways to effectively and responsibly deliver retirement income.
Emphasizing real-world experiences and relatable outcomes, senior investment officers, along with their trusted advisors, will debate the vast array of issues and offerings to derive practical solutions. This, in turn, will allow all stakeholders to better serve plan participants and maximize their retirement outcomes at a time when DC plans represent, for most, the sole form of employee-sponsored retirement benefit.
Union Station Dallas
400 South Houston Street
Dallas, TX 75202
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