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Defined Contribution Plan Success Factors: Framework for Plans with an Objective of Retirement Income Adequacy (PDF)
Defined Contribution Institutional Investment Association [DCIIA]
May 14, 2015
"DCIIA has developed this best practices framework to outline actions that plan sponsors and fiduciaries can take to build plans that have the greatest potential to help participants achieve retirement readiness.... The framework further addresses specific factors related to Plan Design, Investment Structure, and Plan Monitoring. It can help plan sponsors and fiduciaries: [1] Evaluate existing plans; [2] Develop thoughtfully designed plans; [3] Maximize the effectiveness of auto features programs; and [4] Identify and address suboptimal plan participant behavior."
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