In the scheme of things, it was not that long ago that defined benefit pension plans were the main retirement plan game in town. But now – for better or for worse – 401(k) plans rule in the private arena. In the age of constant evolution in technology and streamlining of processes, it can be hard to keep up with the latest and greatest in plan design.
Think about it – the final qualified default investment alternative (QDIA) rules were published not even seven years ago, but now if you don’t have lifecycle or target date funds (TDFs) in your plan and/or you haven’t considered adding them, you may be among the distinct minority of 401(k)s. Statistics indicate that participants like these funds. Fidelity reports that nearly 1/3 ofRead More