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It's time to beg my readers for some help. Please comment with the top 3 concerns (more is ok) for defined contribution sponsors and separately for defined benefit plan sponsors.
I would offer the best response a free subscription to this blog, but that probably wouldn't attract any additional answers.
Thanks in advance.
OK, I'll bite on this one. From my perspective:
ReplyDeleteDC
1) Fee disclosures to participants, particularly how to allow sponsors to balance services with costs. I have no problem with disclosing fees (I actually think that's a good idea) but I don't want recordkeeper selection to be a race to the bottom.
2) Offering annuities in plans. There appears to be a lot of sponsor/fiduciary liability here that I haven't seen addressed. For example, if in 2000 you selected AIG as your annuity provider where are you today?
3) Employee communications. I'm still hoping some one comes up with a way to convince employees saving for retirement is important even in a recession.