PLANSPONSOR - October/November 2020 - 20
2020 DC Survey: Plan Benchmarking
POINTS
COMPAR
C
of
This year's survey turned up many differences
between DC plans-but a load of similarities, too
OVID-19 has been the dominant force affecting nearly every aspect of life this
year-including retirement plans. Experts say retirement plan legislation, litigation
and education have been the other big focal points for the industry in 2020 and will
influence thought about financial wellness going into '21.
The 2020 PLANSPONSOR Defined Contribution (DC) Survey was fielded in late summer
and early fall, at least six months into the pandemic, and our analysis starts with the impact it
has made. Besides asking about COVID-19, we also moved beyond our traditional explorations
to learn plans' responses to several headline topics, including the broad growing approval for
environmental, social and governance (ESG) investment and the new safe harbor provision
that has eased implementation of systematic withdrawals.
" Plan sponsors are starting to understand the anxiety their employees are facing, " explains
Stan Milovancev, executive vice president at CBIZ Retirement Plan Services in Cleveland.
" The pandemic has highlighted that these workers have a lot of financial stress, and that stress
affects mental health, physical health and any relationships in their lives. "
For many plans, employing the traditional strategies they followed pre-COVID, yet
factoring in what they have learned since, may be the way to go, next year.
Ed Farrington, executive vice president with Natixis Investment Managers in Boston, says
it is important for plan sponsors to maintain good communication and educational practices for
20 PLANSPONSOR.COM October - November 2020
Art by Dion MBD
P
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PLANSPONSOR - October/November 2020
Table of Contents for the Digital Edition of PLANSPONSOR - October/November 2020
Time to Take Stock
2020 DC Survey: Plan Benchmarking
Dangers of Debt
Everyone Has a Stake
ESG Across Asset Classes
'Onboard' Education
PLANSPONSOR - October/November 2020 - Cover1
PLANSPONSOR - October/November 2020 - Cover2
PLANSPONSOR - October/November 2020 - 1
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PLANSPONSOR - October/November 2020 - 15
PLANSPONSOR - October/November 2020 - Time to Take Stock
PLANSPONSOR - October/November 2020 - 17
PLANSPONSOR - October/November 2020 - 18
PLANSPONSOR - October/November 2020 - 19
PLANSPONSOR - October/November 2020 - 2020 DC Survey: Plan Benchmarking
PLANSPONSOR - October/November 2020 - 21
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PLANSPONSOR - October/November 2020 - 27
PLANSPONSOR - October/November 2020 - Dangers of Debt
PLANSPONSOR - October/November 2020 - 29
PLANSPONSOR - October/November 2020 - Everyone Has a Stake
PLANSPONSOR - October/November 2020 - 31
PLANSPONSOR - October/November 2020 - ESG Across Asset Classes
PLANSPONSOR - October/November 2020 - 33
PLANSPONSOR - October/November 2020 - 'Onboard' Education
PLANSPONSOR - October/November 2020 - 35
PLANSPONSOR - October/November 2020 - 36
PLANSPONSOR - October/November 2020 - 37
PLANSPONSOR - October/November 2020 - 38
PLANSPONSOR - October/November 2020 - 39
PLANSPONSOR - October/November 2020 - 40
PLANSPONSOR - October/November 2020 - Cover3
PLANSPONSOR - October/November 2020 - Cover4
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