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Showing entries with the topic “Plan Design”.
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Does your plan have any participants who are missing? I can nearly guarantee that it does, as I have never come across a plan where at least one participant’s mail has been returned as undeliverable. In large plans, there are sometimes hundreds, or even thousands, of these missing indivi…Read more
My latest binge-watch is Hell's Kitchen, a reality show in which super-chef hopefuls are put through a cooking boot camp of sorts, with well-know chef (and yeller) Gordon Ramsay as their drill instructor. And yes, I am fully aware that retirement plan expertise does not necessarily translate i…Read more
After releasing last week’s Compliance Alert on the retirement plan-related provisions included in the recently enacted budget bill, I received a number of questions from people whom, I suspect, were taken aback that there were even retirement plan changes to address, since tax reform came and …Read more
Physician on FIRE, a popular blogger in the FIRE (Financial Independence Retire Early) movement, wrote an article recently that caught my attention. In the piece, he examined the reasons why physicians continue to work after the age at which they could retire comfortably. While the artic…Read more
Calculating years of service in a retirement plan can be a difficult proposition, not only because the rules are tricky, but also because plan sponsors have options under the rules; therefore, what may be true for one plan is false for another. While I will save a review of all the rules for a…Read more
When I first started at Cammack Retirement more than 25 years ago, benchmarking in retirement plans primarily consisted of little more than measuring the performance of plan investments against indexes and peers. More recently, and as a result of the DOL’s emphasis, benchmarking of fees versus…Read more
In the world of 403(b), variable annuities have been a lightning rod for criticism by anyone paying attention. And, for good reason, with the caveat that there are some variable annuities offered by low-cost providers that shouldn’t be lumped in with the rest. However, in the large 403(b) p…Read more
In our most recent edition of Trends that Matter, we discussed fee litigation and fee levelization as two of the hot issues for retirement plan sponsors. While those trends remain current, others have emerged that should be Top of Mind for plan sponsors: There has been a marked shift aw…Read more
Recently, we wrote a Top of Mind post about how the University of California (Cal) took the bold step of adding CITs to its 403(b) plans. For decades, CITs have been the sole domain of annuities and mutual fund products. As we noted, while it’s been known that CITs are a permissible inve…Read more
Loans are among the most complex transactions to administer for defined contribution retirement plan recordkeepers and plan sponsors, second only to the bizarre 15-year catch-up election for 403(b) plans, which, as readers of this blog know, I hate. Now I don’t hate loans, but retirement plan spo…Read more