PLANSPONSOR - April/May 2019 - 8
Participant Analysis
Advice/Savings Correlation
T
he retirement plan industry offers
various ways to help plan participants
develop good investing behaviors.
The most basic way to give these
employees guidance is through automatic
plan design features. These " force "
retirement plan enrollment, set a specific
savings rate that can be automatically
increased each year, and create a default
investment fund. Plan sponsors, with the
help of their providers, can also offer education
that can help employees invest.
Target-date funds (TDFs) make
investing easy. These are for participants
that the retirement industry traditionally
calls " do it for me " investors.
Rather than a participant picking stocks
and bonds on his own to create a diversified
portfolio, he selects, or often is
defaulted into, a single fund designed
to have the right combination of assets
8 PLANSPONSOR.com April - May 2019
based on the year when he wants to retire.
Individualized managed accounts
guide participants by considering an
investor's risk profile, assigning a portfolio
that is suitable to the participant and
monitoring it over time, adjusting risk
as needed. The customized nature of the
account varies by the managed account
provider. Some managed account products
are developed with basic information
such as age, gender, salary and retirement
account assets. Others are more customized
and require additional financial information
from the investor. These products
serve as investment advice offerings,
because they make individual asset-allocation
decisions in a fiduciary capacity.
While these funds are popular choices,
some participants prefer in-person advice
received via one-on-one meetings or over
the telephone. Sponsors can make such
Art by Woshibai
advice available at the workplace, through
their adviser or recordkeeper relationship
manager. Some participants would rather
select their own financial adviser.
Understanding how participants
would choose to receive advice can inform
the plan sponsor's plan design. We
asked respondents to the 2017 and 2018
PLANSPONSOR Participant surveys to
answer one of the following two questions:
Where would you want to get advice
for a hypothetical $10,000 DC retirement
account? Or, where would you want to get
advice if the account was $100,000?
For their response, they could answer
either: " Online/automated tools that
offer personalized advice via your home
computer " or " Schedule an in-person
meeting with an adviser. "
Comparing the responses as to advice
option chosen per account size, we found
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PLANSPONSOR - April/May 2019
Table of Contents for the Digital Edition of PLANSPONSOR - April/May 2019
2019 Plan Sponsor of the Year Winners and Honorees
2019 DB Administration Survey
2019 PLANSPONSOR Service Stars
Acting on ESG Principles
Pension Risk Transfers Increase
Out of Harm's Way
PLANSPONSOR - April/May 2019 - C1
PLANSPONSOR - April/May 2019 - FC1
PLANSPONSOR - April/May 2019 - FC2
PLANSPONSOR - April/May 2019 - C2
PLANSPONSOR - April/May 2019 - 1
PLANSPONSOR - April/May 2019 - 2
PLANSPONSOR - April/May 2019 - 3
PLANSPONSOR - April/May 2019 - 4
PLANSPONSOR - April/May 2019 - 5
PLANSPONSOR - April/May 2019 - 6
PLANSPONSOR - April/May 2019 - 7
PLANSPONSOR - April/May 2019 - 8
PLANSPONSOR - April/May 2019 - 9
PLANSPONSOR - April/May 2019 - 10
PLANSPONSOR - April/May 2019 - 11
PLANSPONSOR - April/May 2019 - 12
PLANSPONSOR - April/May 2019 - 13
PLANSPONSOR - April/May 2019 - 14
PLANSPONSOR - April/May 2019 - 15
PLANSPONSOR - April/May 2019 - 16
PLANSPONSOR - April/May 2019 - 17
PLANSPONSOR - April/May 2019 - 18
PLANSPONSOR - April/May 2019 - 19
PLANSPONSOR - April/May 2019 - 20
PLANSPONSOR - April/May 2019 - 21
PLANSPONSOR - April/May 2019 - 2019 Plan Sponsor of the Year Winners and Honorees
PLANSPONSOR - April/May 2019 - 23
PLANSPONSOR - April/May 2019 - 24
PLANSPONSOR - April/May 2019 - 25
PLANSPONSOR - April/May 2019 - 26
PLANSPONSOR - April/May 2019 - 27
PLANSPONSOR - April/May 2019 - 28
PLANSPONSOR - April/May 2019 - 29
PLANSPONSOR - April/May 2019 - 30
PLANSPONSOR - April/May 2019 - 31
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PLANSPONSOR - April/May 2019 - 33
PLANSPONSOR - April/May 2019 - 34
PLANSPONSOR - April/May 2019 - 35
PLANSPONSOR - April/May 2019 - 36
PLANSPONSOR - April/May 2019 - 37
PLANSPONSOR - April/May 2019 - 38
PLANSPONSOR - April/May 2019 - 39
PLANSPONSOR - April/May 2019 - 40
PLANSPONSOR - April/May 2019 - 41
PLANSPONSOR - April/May 2019 - 42
PLANSPONSOR - April/May 2019 - 43
PLANSPONSOR - April/May 2019 - 44
PLANSPONSOR - April/May 2019 - 45
PLANSPONSOR - April/May 2019 - 46
PLANSPONSOR - April/May 2019 - 47
PLANSPONSOR - April/May 2019 - 2019 DB Administration Survey
PLANSPONSOR - April/May 2019 - 49
PLANSPONSOR - April/May 2019 - 50
PLANSPONSOR - April/May 2019 - 51
PLANSPONSOR - April/May 2019 - 52
PLANSPONSOR - April/May 2019 - 53
PLANSPONSOR - April/May 2019 - 54
PLANSPONSOR - April/May 2019 - 55
PLANSPONSOR - April/May 2019 - 56
PLANSPONSOR - April/May 2019 - 57
PLANSPONSOR - April/May 2019 - 2019 PLANSPONSOR Service Stars
PLANSPONSOR - April/May 2019 - 59
PLANSPONSOR - April/May 2019 - 60
PLANSPONSOR - April/May 2019 - 61
PLANSPONSOR - April/May 2019 - 62
PLANSPONSOR - April/May 2019 - 63
PLANSPONSOR - April/May 2019 - 64
PLANSPONSOR - April/May 2019 - 65
PLANSPONSOR - April/May 2019 - 66
PLANSPONSOR - April/May 2019 - 67
PLANSPONSOR - April/May 2019 - Acting on ESG Principles
PLANSPONSOR - April/May 2019 - 69
PLANSPONSOR - April/May 2019 - Pension Risk Transfers Increase
PLANSPONSOR - April/May 2019 - 71
PLANSPONSOR - April/May 2019 - Out of Harm's Way
PLANSPONSOR - April/May 2019 - 73
PLANSPONSOR - April/May 2019 - 74
PLANSPONSOR - April/May 2019 - 75
PLANSPONSOR - April/May 2019 - 76
PLANSPONSOR - April/May 2019 - C3
PLANSPONSOR - April/May 2019 - C4
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