Defined contribution (DC) plan sponsors face increasingly complex issues in their day-to-day plan administration. Russell Investments has developed a priority list of eight ideas and related action items to help plan sponsors make the most of their limited time and help plan sponsors guide their participants toward better decision making as they save for retirement.

  1. Ensure adequate participant savings
  2. Evaluate the default option
  3. Conduct a re-enrollment
  4. Streamline the core investment menu
  5. Develop a framework to evaluate managed account solutions
  6. Harmonize pre- and post-retirement solutions
  7. Consider a hybrid QDIA
  8. Outsource additional plan management responsibilities

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