Suggested Areas for Review With DC Plan Clients
Mercer recommends areas for review that defined contribution plan advisers can go over with plan sponsors.
Client Service
Providers Recognizing Need for Better Retirement Communications
Retirement plan provider firms have made signification additions or improvements to their retirement readiness tools, and recent digital innovations include responsive design.
K-12 403(b) Model Needs a Mix of Old and New
K-12 403(b) plan participants have long enjoyed the personal touch of meeting with advisers one-on-one, but plan sponsors could use a nudge in using lower-cost investment options.
Many Strategies Can Encourage Young Employees to Save
A variety of personal life factors might make it hard for some workers to save for retirement, but employers can utilize several promising tactics to drive up savings...
Generating Lifetime Income Top Concern for Participants
A new survey finds that while a majority of retirement plan participants want lifetime income solutions, many are unaware if their plans offer one.
Providers Should Shift From Sole Focus on Baby Boomers
The 35 million households of Generation X currently control more than $5.7 trillion in investable assets, yet they remain a “relatively underserved segment” of the investment advisory marketplace.
Client Visions of Retirement Include Fears and Hopes
World travel is a classic goal cited among many workers envisioning their retirement, yet few of today’s retirees say they can afford such luxuries.
Middle-Income Workers' Financial Plans Fall Short
Many want financial planning help through their employers.
Adviser Preferences Study Denotes Commitment to Clients
Advisers have a lot of choice when it comes to fine-tuning their business model, but they must know what matters most to which clients.
Rollover and Retirement Transitions Must Be Improved
Little has changed over the decades in the way participants move between plans or complete rollovers into an IRA.
Plan Sponsor Scrutiny Elevates Adviser Businesses
The new fiduciary rule will motivate sponsors to take a harder look at the offerings and performance of service providers—including recordkeepers, investment managers and advisers.
Financial Advisers Can Build On Strong Base of Trust
A new study by Spectrem Group highlights increased trust of financial advisers among wealthy investors, and it offers guidance on how advisers can enhance their relationships with clients.
Helping Participants Prepare for Retirement Health Care Costs
Knowledge and the right tools can help individuals prepare for and perhaps reduce health care costs in retirement.
Are Your Clients' SPDs Accessible and Readable?
Plan advisers can consult with plan sponsors about their SPDs and determine if they are simple enough for employees to understand while also not subjecting sponsors to legal...
Plan Committees Need to Be More Vigilant: SEI
SEI outlines best practices, including relying on outside providers.
Forty Percent of Advisers Are Now Fee-Based
Among this set of advisers, fees are the biggest factor driving loyalty.
Millennials Grasp Importance of Retirement Savings
More Millennials than Boomers think it should be a requirement.
DB Plan Sponsors Feeling Pressure to Reduce Costs
A new survey by Vanguard found that cutting costs and minimizing risk were the top two concerns for corporate pension plan sponsors.
Robo-Advisers as Fiduciaries Present Challenges and Opportunities
As Baby Boomers push closer to retirement, they are facing a drastically different investing world than the one they grew up in—gaining access to radically different approaches to...
Plan Document Best Practices Framework
A new analysis contends that, with careful governance practices in place, managing a compliant and effective retirement plan doesn’t have to be burdensome or even difficult.