Sentences with phrase «for plan sponsors»

Certain policy changes and the right support for plan sponsors could make it easier for plans and participants to embrace lifetime income solutions.

This growth translates into astronomical costs for plan sponsors.

The uptick in funded status is welcome news for plan sponsors.

Of course, there are specific concerns for plan sponsors regarding white label funds that will have to be considered.

Written for the plan sponsor community, it gives pension fund advisers, consultants and others serving this industry inside information on investment patterns, trends and strategies.

While acting in the best interest of participants is an ongoing commitment for plan sponsors, it never hurts to make sure they're honoring it.

Q: Why is a one - fund approach less expensive from a fees perspective for both plan sponsors and plan members?

Our tailored, world - class services for all plan sponsors — health plans, accountable care organizations (ACOs), state Medicaid programs, employer groups and unions — blend state - of - the - art technologies with experienced and talented professional teams to optimize your return on investment while enhancing your competitive stance in the market.

Without this oversight, it takes time for plan sponsors to make changes on their own.

The IRS announced it is extending until July 30 the deadline for updating 401k and similar plans for plan sponsors in various areas affected by recent weather - related disasters.

Fee Disclosure Information Keep up to date on fee disclosure regulations for plan sponsors and plan participants.

«There is a big need to save for retirement, and employers have really stepped up with plans that customize and automate savings,» says Hattie Greenan, Director of Research for the Plan Sponsor Council of America.

Uncertainty around the policy path of President - elect Trump, coupled with a changing interest rate landscape and rising PBGC premiums create a challenging environment for plan sponsors.

In addition, in order for plan sponsors to appropriately manage $ 120 billion specialty drug spend, the poorly managed «Buy & Bill» model must be converted to an «Value - Based and Outcome - Driven» specialty management model.

As part of standing up the instance, RxAdvance also conducts analysis and reprocess all claims and through a web portal provide cost and quality saving opportunity for the plan sponsors.

Access a wide range of investments for your existing retirement plan through Fidelity's brokerage account for plan sponsors.

The proposed rule, and related exemptions, would increase consumer protection for plan sponsors, fiduciaries, participants, beneficiaries and IRA owners.

What are some best practices for plan sponsors as they discharge their fiduciary duties when thinking about adding an income option to a plan's menu?

Here we focus on three key areas for plan sponsors thinking about enhancing their pension risk outcomes.

We focus on three key areas for plan sponsors thinking about enhancing their pension risk outcomes.

In the context of cross-selling, the plan sponsor must not cause the plan (or its participants) to pay for investments or administrative services, if it results in free or discounted services or other personal benefits for the plan sponsors.

It's good for beneficiaries, good for the plan sponsors, good for the taxpayers.

He leads the LDI team in developing solutions for plan sponsors seeking to reduce risk and volatility in their defined benefit pension plans.

Retirement plan consultants list reviewing target - date strategies as the top priority for their plan sponsor clients, according to the 11th annual PIMCO Defined Contribution Consulting Support and Trends Survey.

The fund, designed for plan sponsors and participants, is available through Charles Schwab Trust Company, a division of Charles Schwab Bank.

For plan sponsors who would like to retain participants in their plans after they retire, the consultants recommend adding a retirement education tool (80 %), allowing distribution flexibility (77 %) and adding retiree - focused investment options (76 %).

Drew Carrington, head of Institutional Defined Contribution at Franklin Templeton Investments along with Michael Doshier, head of retirement marketing, examine the status of The Retirement Enhancement and Savings Act (RESA) and what it might mean for both plan sponsors and participants, and recap the latest court rulings impacting the Department of Labor's Fiduciary Rule.

«The pace of cases being filed has quickened, and the areas of challenge have broadened,» said Richard McHugh, a lawyer and vice president of Washington affairs for the Plan Sponsor Council of America, which represents defined contribution plans.

In turn, AdvancePA ™ reduces unnecessary physician offices» administrative burden, streamlining PAs, resulting in provider contracting leverage for plan sponsors.

Following the money is a difficult job even for those plan sponsors willing to invest the time and energy to do so.»

This can be a hard thing for some plan sponsors to do.

PBMs have traditionally managed about $ 370 billion in prescription drug spend for plan sponsors.

With retirement savings taking a back seat to more immediate financial concerns, and the percentage of workers confident that they'll have enough money for a comfortable retirement at low levels, it's more important than ever for plan sponsors to consider retirement readiness as a key — if not the key issue — their employees are facing.

The ability to reduce overall healthcare costs by leveraging innovative, compliant, and holistic PBM solutions is one of the biggest opportunities that exist for plan sponsors.

Reform lifetime annuity purchase restrictions for plan sponsors.

In our view, with investment management fees coming down significantly over the past decade, it is entirely possible for plan sponsors to add skilled active management to their core lineup, at lower cost than in the past and with potentially broader opportunities than index funds alone.

Dedicated support line for plan sponsors and live investment advisors for participant guidance.

I also remember being in the terminal funding business at AIG, when Congress made it almost impossible for plan sponsors to terminate a plan and take out the excess assets.

Accordingly, AON argues for plan sponsors to focus on «smart diversification and a strong understanding» of portfolio risk profile.

For plan sponsors debating the addition of a stable value offering to their lineups, Jim King, managing director of strategic relationships at Prudential Retirement, sees a solid place for this option on a streamlined investment menu.

An income replacement goal that takes employee demographics into consideration (such as salary) might be an appropriate metric for plan sponsors to consider.

Key takeaways highlighted for plan sponsors include a need for updated plan design, an outcome - based Investment Policy Statement and new benchmarks for plan success.

New research suggests that total retirement assets in CITs have grown rapidly in the last few years and potential advantages can be very appealing for plan sponsors.

Cerulli concludes the appeal of CITs for plan sponsors and fiduciaries is generally a lower expense profile and an improved ability, especially for larger trusts, to create unique investment funds that address the needs of real plan participants in a more refined way then retail target - date funds, for example.

Vestwell is partnering with Namely, a human resource (HR) platform for mid-sized companies, to provide an all - in - one retirement experience for plan sponsors and their employees.

«While its good [for plan sponsors and advisers] to look at how investments are doing in the short term, they need to think about the overall time horizon, because that's when participants get the benefits of investments — over the long - term,» Greenshields concludes.

Yes, it's true that 401 (k) plans are often needlessly complex and confusing, often filled with a seemingly endless array of choices, designed more for plan sponsors than for participants.

«Oftentimes I find the managed account providers have a significant amount of data, based on their experience in managing accounts that is helpful in doing the due diligence for a plan sponsor.»