Simplified Plan Design and Tools Help Employees Meet Retirement Goals
How to help employees retire by simplifying defined contribution plans
Interviewed by Leslie Stevens-Huffman
Plan sponsors have probably heard about the plight of baby boomers who haven't saved enough for retirement or don't understand the long-term impact of under-performing funds on retirement plan account balances. Unless sponsors wake up and address these issues, they could be blind-sided by a slew of new regulations or a class action lawsuit, since plan sponsors, as fiduciaries, are legally responsible for acting prudently and solely in the interest of the plan's participants.