The resulting white paper, " Aligning goals, improving outcomes: 2015 Defined Contribution Plan Sponsor
Survey Findings," reveals that although plan sponsors
have a strong and growing sense of responsibility for helping employees achieve a financially secure retirement, several disconnects exist between the goals they identify for their defined contribution (DC) plans and how they evaluate success.
In order to continue providing effective and affordable health care to their members, plan sponsors
must find ways to manage their specialty-drugs costs.
Many plan sponsors
"appear to be shoring up their plans with an eye toward eventually winding them down," the firm says.
THE IRS's EMPLOYEE PLANS COMPLIANCE RESOLUTION System (EPCRS) can help plan sponsors
correct qualification failures.
conducted by Deloitte Consulting, 45 percent of respondents reported the use of outside investment consultants, a 10 percent increase over 2003.
This may deter some plan sponsors
(who currently have this requirement) from adopting these safe-harbor provisions.
Notice 98-29 represents a positive step in reducing complexity, compliance burdens, and plan operation costs for plan sponsors
without disadvantaging plan participants.
Prime among its many benefits, standardized information will create a 'common language' shared by pension plan sponsors
, institutional real estate consultants, and real estate investment managers.
NEW YORK -- As attention to the importance of creating retirement income grows, a new MetLife study finds that plan sponsors
of the largest workplace retirement plans and their recordkeepers have taken the first steps to help participants secure retirement income - but a lot more work needs to be done to pave the way for participants to begin to take action.
AB") today announced new research showing a decline in fiduciary awareness among plan sponsors
from several years ago.
Many believe the pending accounting reform of pensions and other postemployment benefits (OPEB) will be bad for all corporate plan sponsors
, will contribute to a decline in the stock price of sponsors with substantial liabilities and will ultimately increase the number of plans that freeze and terminate.
Laws governing pension plans are complex, and plan sponsors
will need expert advice from competent counsel to make sure they are in compliance.