6 tips to make sure your DC plan is successful

New fee disclosures will bring heightened scrutiny of fees. Has your committee reviewed and documented your plan’s methodology for allocating fees to participant accounts (whether through revenue sharing or other methods)? Be prepared to defend your allocation methodology against participant inquiries and fiduciary lawsuits. [Images: Thinkstock]

Expected retirement age is shifting from the 60s into the 70s: 20% of the workforce older than age 50 expects to never retire. One factor in this dynamic is uncertainty around managing income through retirement. Plan sponsors increasingly look to spend-down strategies to help with retirement-related workforce management issues. The marketplace for spend-down products is evolving to address the competing demands of access to capital, protection from risk and enhanced returns. While awaiting key regulatory guidance, stay abreast of developments in institutional-quality products, still in early stages of development.