To start the new year, Mercer has combined some of my favorite things: lists and clever plays on words/numbers — oh, and good information, too. The consultancy’s “10 for 2010” list has published a “10 for 2010” checklist of New Year’s resolutions defined contribution plan sponsors should make now to address investment and plan-design concerns, fulfill fiduciary responsibilities and help participants meet their retirement objectives.
With Americans still posting such awful savings rates (I’d give them a pass, given the recession, but they were awful even before the recession started), you’d think plan sponsors would need more than 10 items to give their plans a boost. But, I guess you can only lead a horse to water.