Coping with Crisis: Fiduciary Priorities in the DC World
In times of crises, being a fiduciary responsible for providing Defined Contribution (DC) plans for employees is especially critical.
Income generation in retirement is an increasingly hot topic, but it’s not easy to achieve. Over the past decade there have been substantial changes to some of the fundamental aspects of retirement planning that impact both employees and plan sponsors. Our Retirement Income Worksheet is an exercise you can conduct with your committee to evaluate changes to your plan over the past ten years, to determine if now is the time to consider more retirement income solutions for your DC Plan. The Retirement Income Checklist outlines what considerations plan sponsors should review regarding plan design, participant communication and support, and solutions. Plan sponsors and committees can use these tools as a guide to get started in the right direction on the retirement income path.
PGIM does not establish or operate pension plans.