Trends in plan design
Article Abstract:
Some of the leading plan consulting firms discuss their views on the trends for 1995. There will be a conversion from defined benefit (DB) plans to defined contribution (DC) plans. DC plans are thought by many plan sponsors to be less costly and more responsive to the employees' needs. Many employers will also be converting their DB plans to cash balance plans because they provide the best features of both DB and DC plans. Cost, value, complexity and risk are the priorities of plan sponsors. One major challenge in managing DB plans would be understanding the Retirement Protection Act.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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When in-house administration makes sense
Article Abstract:
Some companies decide to keep their benefits administration work in-house after assessing the costs and benefits of outsourcing. One of these firms is Fleet Financial Group Inc. After studying if outsourcing is the best for the company, it found that simply consolidating all benefits administration is the better option for its employees. Only minor work is done outside, such as billing for retiree COBRA payments.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1996
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Consultants' roundtable: experts explore issues in 401(k) plan design
Article Abstract:
Nine leading employee benefits consultants discuss several important issues in 401(k) plan design and management. Some of these issues are plan features, communication, employee-oriented design, outsourcing and investment yields. The discussants include Keith Clark of Coopers & Lybrand, Richard Koski of Buck Consultants and Melvin Borleis of William M. Mercer.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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