Given the important role defined contribution (DC) plans play in providing supplemental, or in some cases, primary retirement income, it is surprising how little attention is paid to the overall objectives and applying measurable criteria for assessing the success of these programs. Employing a regular and ongoing evaluation and measurement process that includes a rigorous analysis of all aspects of the plan can improve participant satisfaction and results.
This webinar reviews both common measures and other, lesser known contributing factors of DC plan success as well as presents a systematic approach to measuring a plan's effectiveness and determining how to make ongoing improvements. Aspects of DC plan success include the retirement readiness of plan participants, fiduciary governance, plan design, ongoing administration and compliance, and a communication plan for employees.
The overview of the measurement process shows you how:
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