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We know that clients require the most up to date information. For that reason, we continually update our economic review, newsletters, and research.

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Maximizing Your Recordkeeper Relationships:
A Brief Guide to Getting the Most Out of Your Defined Contribution Plan Vendor
Mid to large-sized DC plans are increasingly threatened by excessive fee litigation. While plan expenses are an important component of any vendor review, fees alone should not be the focus. The Department of Labor (DOL) explicitly states that employers must “ensure that fees paid…are reasonable in light of the level and quality of services provided.” Hence, the DOL makes it clear that fees are to be reviewed in the context of service and overall value.

Based on this DOL guideline, it is essential to periodically assess if all contractual obligations are being met (not just fees). In this report, we focus on five core components to consider in order to both meet your fiduciary duties and get the most value from your retirement plan recordkeeper: Fees, Hidden Expenses, Plan Demographics, Service Quality and Technology.

 

Mid-Sized Pension Plans: How to Get Back on Track in 2017
Recent market research suggests that sponsors of mid-sized defined benefit pension plans (those with assets of between $50 and $500 million) remain most concerned with risk management, lower future return expectations and stock market volatility. What we find more concerning, however, is these same surveys also indicate that many DB plan sponsors have yet to formally develop a goal for their retirement programs, nor have they designed a road map for getting there.

For those sponsors who may have lost their way, or those just looking to improve upon current practices, this brief report provides some sample governance and investment procedures designed to help get you back on track toward achieving your defined benefit plan objectives.

 

The Benefits of Enacting a Plan Sponsor Philosophy
Overwhelmed by a lengthy to-do list, including the perpetual need to meet a number of ERISA regulatory obligations, plan fiduciaries often lose sight of the foundation for sponsoring a retirement plan: its purpose. Enacting a Plan Sponsor Philosophy is an effective way for committee members to remind themselves of this basic goal.

In this brief report, we explore what exactly a "philosophy" is and how implementing one can help to expedite and improve your committee's decision-making process, all while better aligning your plan design with your retirement plan's objectives

 

Engaging the Millennial Generation in DC Plans
Soon-to-be the largest percentage of the working age population, millennials face unique headwinds, including high levels of student debt and risk-averse investing styles, which may hinder their ability to adequately prepare for retirement. Plan sponsors should evaluate what their vendors are doing to address this sizable and unique population and consider plan features that may help guide them to a successful retirement.

 

The Evolution of Collective Investment Trusts and Considerations for Plan Sponsors
Plan Sponsors have increasingly focused on finding low-cost investments and more transparent fee structures for their retirement plans, in part due to the increasing number of headlines related to fee-based litigation issues. This paper provides an overview of and trends surrounding Collective Investment Trusts (CITs), in particular within the target date industry, and outlines what plan sponsors should consider when looking at adding CITs to their plan lineup.


In–Plan Retirement Income Solutions: Landscape Overview and Obstacles to Adoption
For several years, PEI has been studying the retirement income landscape. We have been evaluating in-plan retirement income products, actively monitoring the regulatory activity and legislative environment, and keeping a close eye on the implementation of retirement income products within defined contribution plans. Michael Sasso, one of PEI’s three co-founders, was the Issue Chair for the 2012 ERISA Advisory Council‘s “Examining Income Replacement During Retirement Years in a Defined Contribution Plan System” report. Mr. Sasso then collaborated on the report that provided recommendations to the Secretary of Labor as the DOL contemplates providing guidance on such solutions for plan sponsors.


The Pursuit of Procedural Prudence: Do You Have the Expertise?
As a plan fiduciary, you are expected to possess the necessary expertise to meet all of your obligations under ERISA, and as part of and relative to those obligations, you are expected to proceed in your role in a prudent manner.

While perhaps the least defined of ERISA duties, the duty of prudence requires significant attention, as it can affect the fulfillment of all other duties for which you are responsible, and the effectiveness of your fiduciary compliance altogether.

 
 

Resources

Regulatory Updates

2017

Maximizing Your Recordkeeper Relationships: A Brief Guide to Getting the Most Out of Your Defined Contribution Plan Vendor

Special Report: Should the Phillips Curve be Used to Set Monetary Policy?

Mid-Sized Pension Plans: How to Get Back on Track in 2017

Special Report: March Fed Dot Plot Released

Webinar Series: Sixth Annual ERISA Fiduciary Checkup

   
2016

Special Report: December Fed Dot Plot Released

The Benefits of Enacting a Plan Sponsor Philosophy

Special Report: September Fed Dot Plot Released

Engaging the Millennial Generation in DC Plans

Special Report: United Kingdom to Leave the European Union

DC Plan Sponsor Midyear Checkup

The Evolution of Collective Investment Trusts and Considerations for Plan Sponsors

Special Report: Will the Change in Fed Projections Alter the Prospects for Manufacturing?

Fund Managers’ Reaction to China Market Volatility

Webinar Series: The Money Market Reform - Changes Implications, and Options for Plan Sponsors

   
2015

The Global Tilt in Target Date Funds

The 401(k) Lineup Update 2015

ROTH: Breaking Down the Buzzword in Defined Contribution Plans

The Effects of Conflicted Investment Advice on Retirement Savings

   
2014

Shifting the Landscape of Global Investing

Solutions for Defined Contribution Healthcare Clients

An Unconstrained Approach to Fixed Income Investing

TIAA Real Estate Account

Research Report: Perkins Mid Cap Fund

Liquidity Impact of Rising Rates on Stable Value Fund

   
2013 Managed Accounts for DC Plans

Fixed Income Investing

Fee Leveling

Fee Leveling Webinar, View Now

Fee Leveling Webinar, Download the Slides

Plan Sponsor Annual Checkup

Avoiding Pitfalls in Your 401(k) Plan Webinar

ERISA Fiduciary Checkup Webinar, View Now

Have We Avoided the Fiscal Cliff?

408(b)(2) Webinar, View Now

 

 

 

2017

2Q Regulatory Update

1Q Regulatory Update

   
2016

4Q Regulatory Update

3Q Regulatory Update

2Q Regulatory Update

1Q Regulatory Update

   
2015

4Q Regulatory Update

3Q Regulatory Update

2Q Regulatory Update

1Q Regulatory Update

   
2014

4Q Regulatory Update

3Q Regulatory Update

2Q Regulatory Update

1Q Regulatory Update

   
2013

PBGC Premium Increases Included in Current Round of Budget Negotiations

American Taxpayer Relief Act Signed into Law

IRS - Retirement Plan Limits for 2014

 

 

Litigation Updates

2017

2Q Litigation Update

1Q Litigation Update

   
2016

4Q Litigation Update

3Q Litigation Update

2Q Litigation Update

1Q Litigation Update

   
2015

4Q Litigation Update

3Q Litigation Update

2Q Litigation Update

1Q Litigation Update

   
2014

4Q Litigation Update

3Q Litigation Update

2Q Litigation Update

1Q Litigation Update

 

 

Market Reviews

2017 2Q Market Review

1Q Market Review
 
   
2016 4Q Market Review

3Q Market Review

2Q Market Review

1Q Market Review

 
   
2015 4Q Market Review

3Q Market Review


2Q Market Review

1Q Market Review
 
   
2014

4Q Market Review

3Q Market Review

2Q Market Review

1Q Market Review