Maximizing Your DC Plan Recordkeeper Relationships
While the DOL has provided guidance on the overall responsibilities of plan sponsors, these guidelines fall short of speaking to best practices when dealing with recordkeepers. This paper aims to help plan fiduciaries maximize their recordkeeper relationships with the end goal of better retirement outcomes.
A BRIEF GUIDE ON GETTING THE MOST OUT OF
YOUR DEFINED CONTRIBUTION PLAN VENDOR
Plan Sponsors have a duty to act in the best interests of their participants, and understanding the capabilities and resources within their vendor plays an important role in helping their employees reach retirement readiness.
As the retirement industry continues to evolve, it is imperative for plan sponsors to stay abreast of trends in the marketplace in order to have a prudent decision-making process regarding those products and services being offered.