PLANSPONSOR - October/November 2018 - 34

COVER STORY
LOOKING
CLOSER
Don't miss these less obvious variables
for improving retirement readiness
" W
e're firm believers that data is king in a retirement plan, " says Jerry Cicalese,
senior vice president, retirement services at Sentinel Benefits & Financial
Group in Wakefield, Massachusetts. " If you can't get it, you are never going to have a
high-performing plan. " Good data analysis, he says, helps a plan sponsor understand
how well its retirement plan works currently and then to make changes to improve
employees' retirement readiness.
Much focus is placed on one piece of data these days: the replacement-income
ratio. " These are retirement plans, so, as a sponsor, you want to try to make sure your
employees are able to retire with enough savings, " says Rob Austin, director of research
at Alight Solutions in Charlotte, North Carolina. " The replacement-income ratio is
really, really key [in order] for plan sponsors to know, 'Is this plan set up to actually meet
its objectives?' But you also want to bring that back and say, 'What are the early indicators
of future retirement readiness?' " Participation rate and average deferral rates are
critical, he says, but sponsors also need to keep an eye on important but less obvious
determiners of retirement readiness.
Here are several data points plan sponsors should watch:
Participants maximizing the match
Many plan sponsors likely know the average deferral rate in their plan-an important
statistic but not one that adequately helps them take targeted steps to improve undersavers'
outcomes. " Solving for averages really doesn't solve for that many people, " says
Christopher Kulick, senior vice president at CAPTRUST in Doylestown, Pennsylvania,
and 2018 PLANSPONSOR Retirement Plan Individual Adviser of the Year.
34 PLANSPONSOR.com October-November 2018 Art by Doris Liou

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PLANSPONSOR - October/November 2018

Table of Contents for the Digital Edition of PLANSPONSOR - October/November 2018

Looking Closer
2018 DC Survey: Plan Benchmarking
Operational Loan Failures
Looking Beyond Performance
Staying Ahead of Inflation
Private Market Investing
Income Disruptions
Easy Access
PLANSPONSOR - October/November 2018 - Easy Access
PLANSPONSOR - October/November 2018 - FC1
PLANSPONSOR - October/November 2018 - FC2
PLANSPONSOR - October/November 2018 - C2
PLANSPONSOR - October/November 2018 - 1
PLANSPONSOR - October/November 2018 - 2
PLANSPONSOR - October/November 2018 - 3
PLANSPONSOR - October/November 2018 - 4
PLANSPONSOR - October/November 2018 - 5
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PLANSPONSOR - October/November 2018 - 31
PLANSPONSOR - October/November 2018 - 32
PLANSPONSOR - October/November 2018 - 33
PLANSPONSOR - October/November 2018 - Looking Closer
PLANSPONSOR - October/November 2018 - 35
PLANSPONSOR - October/November 2018 - 36
PLANSPONSOR - October/November 2018 - 37
PLANSPONSOR - October/November 2018 - 38
PLANSPONSOR - October/November 2018 - 39
PLANSPONSOR - October/November 2018 - 2018 DC Survey: Plan Benchmarking
PLANSPONSOR - October/November 2018 - 41
PLANSPONSOR - October/November 2018 - 42
PLANSPONSOR - October/November 2018 - 43
PLANSPONSOR - October/November 2018 - 44
PLANSPONSOR - October/November 2018 - 45
PLANSPONSOR - October/November 2018 - 46
PLANSPONSOR - October/November 2018 - 47
PLANSPONSOR - October/November 2018 - 48
PLANSPONSOR - October/November 2018 - 49
PLANSPONSOR - October/November 2018 - 50
PLANSPONSOR - October/November 2018 - 51
PLANSPONSOR - October/November 2018 - 52
PLANSPONSOR - October/November 2018 - 53
PLANSPONSOR - October/November 2018 - Operational Loan Failures
PLANSPONSOR - October/November 2018 - 55
PLANSPONSOR - October/November 2018 - 56
PLANSPONSOR - October/November 2018 - 57
PLANSPONSOR - October/November 2018 - Looking Beyond Performance
PLANSPONSOR - October/November 2018 - 59
PLANSPONSOR - October/November 2018 - 60
PLANSPONSOR - October/November 2018 - 61
PLANSPONSOR - October/November 2018 - Staying Ahead of Inflation
PLANSPONSOR - October/November 2018 - 63
PLANSPONSOR - October/November 2018 - Private Market Investing
PLANSPONSOR - October/November 2018 - 65
PLANSPONSOR - October/November 2018 - Income Disruptions
PLANSPONSOR - October/November 2018 - 67
PLANSPONSOR - October/November 2018 - 68
PLANSPONSOR - October/November 2018 - 69
PLANSPONSOR - October/November 2018 - 70
PLANSPONSOR - October/November 2018 - 71
PLANSPONSOR - October/November 2018 - 72
PLANSPONSOR - October/November 2018 - C3
PLANSPONSOR - October/November 2018 - C4
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