In “Is Your Benefits Communication Reaching Your Millennial Employees?” Kellie Riccelli offers ideas on presenting and phrasing information in a way that could be helpful in boosting Millennals' participation in retirement plans.
Outsourcing plan administration can help in meeting increasingly complicated requirements — but it’s not a full absolution from all responsibilities, argues Fiduciary Plan Governance in a recent blog entry.
What exactly is entailed in being a 3(16) plan administrator, and how would it benefit third party administrator firms? In the first of a three-part series on the subject, Peter Preovolos offers his perspective on the ways to define what a plan fiduciary is.
The DOL’s ERISA Advisory Council wrapped up a three-day series of public meetings Aug. 21 with a focus on lifetime plan participation. The Council’s final session honed in on whether and how communications and specific plan design features may be used to enhance participants’ decisionmaking.
This week the ERISA Advisory Council turned its attention to the issue of outsourcing employee benefit plan services and how that might impact and influence fiduciary responsibilities, and touched on how an accreditation program could help fiduciaries make more informed outsourcing choices.
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