Defined Contribution in Review

Industry developments over the last 90 days

4Q17

Quarterly Highlights
A summary of plans and sponsors making the news

Quarterly Highlights

Pensions & Investments Announces the 2017 Excellence & Innovation Awards

The 2017 winners have developed creative and innovative programs to help improve participants' retirement incomes. Learn about additional winners in the 4Q17 edition of the 
Source: www.pionline.com/specialreports/other2/20171016

Massachusetts

Established a multiple employer plan (MEP) for small nonprofits

California

Revamped non-ERISA 403(b) website

Alexion

Built country-specific retirement readiness models

Financial Wellness

Mortgage Company Launches Program to Help Employees Reduce Debt
Movement Mortgage, with 400 locations across the country, launched a financial wellness program with a goal of reducing $1M of aggregate employee debt. The program included a financial wellness survey, weekly videos and workshops, online calculators and recorded pep talks by the company CEO, resulting in an aggregate reduction of debt by $2.8M.
Other Plan Sponsors in the News

Farfield Company

Redesigned plan with auto-enrollment and auto-escalation resulting in an 85% participation rate.

BP

Integrated financial and health care wellness programs across five qualified savings plans, 25,000 employees and their spouses or partners and 17,000 pre-Medicare retirees and their spouses and partners.

Texa$aver

Launched a campaign asking participants in their 401(k) and 457(b) plans to consider keeping money in the plan when they retire rather than rollover to an IRA.
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