Designing Successful Target Date Strategies For Defined Contribution Plans

Author : Stacy L. Schaus
Publisher : John Wiley & Sons
Page : 278 pages
File Size : 47,7 Mb
Release : 2010-03-09
Category : Business & Economics
ISBN : 9780470632888

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Designing Successful Target-Date Strategies for Defined Contribution Plans by Stacy L. Schaus Pdf

The ultimate guidebook for navigating the new world of pensions and retirement plans In the wake of the explosive growth of defined contribution (DC) plans invested with target date strategies, and the understanding of how important these strategies can be in effectively meeting retirement income goals, plan sponsors are seeking more optimal target date approaches. This timely book provides you with in-depth answers from the nation's most qualified and experienced experts to pressing questions about DC plan design. Presents the views of individuals from all across the market Includes a broad range of plan sponsors both in the corporate world and in the public/government sectors Offers views from consultants and advisors from the most respected firms, academics who teach at leading universities, and other innovative leaders With a broad range of knowledge and insight, Designing Successful Target Date Strategies in Defined Contribution Plans helps you understand the evolution of DC plans, pulls together all angles of what it takes to develop custom target date strategies, and provides you with a look ahead to the future.

Author : Stacy L. Schaus
Publisher : John Wiley & Sons
Page : 384 pages
File Size : 50,7 Mb
Release : 2017-02-07
Category : Business & Economics
ISBN : 9781119302544

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Successful Defined Contribution Investment Design by Stacy L. Schaus Pdf

Start-to-finish guidance toward building and implementing a robust DC plan Successful Defined Contribution Investment Design offers a comprehensive guidebook for fiduciaries tasked with structuring and implementing a 401(k) or other defined contribution (DC) pension plan. More than a collection of the usual piecemeal information, this book seeks to offer a complete, contemporary framework for plan design, together with tested methodologies and analytic techniques to help streamline plan monitoring, management and improve participant outcomes. Examples from plan sponsors provide on-the-ground insight while suggestions from DC consultants add expert perspective. Views from ERISA expert counsel provide additional understanding—along with input from academic thought leaders. Finally, investment evaluation and analysis is joined with participant savings and asset allocation data to look prospectively at potential outcomes, and case studies illustrate real-world implementation of objective-aligned asset allocation such as custom target-date strategies. Though the focus is primarily on U.S. plan design, author perspectives from countries including Australia, the United Kingdom and Canada provide relevant and helpful viewpoints for both new and experienced plan fiduciaries. For the vast majority of workers, DC plans have replaced traditional defined benefit pension plans as the primary source of employer-provided retirement income. This book provides comprehensive guidance to help you construct a plan to help workers to retire with confidence. Adopt a framework for DC evaluation and structure Learn new methodologies for investment choice evaluation Use the innovative PIMCO Retirement Income Cost Estimate—or PRICE—to help quantify the amount of money a worker needs to create and stay on track to building a real income stream in retirement Examine methodologies used at major companies in the U.S. and globally DC plans are the most rapidly growing retirement market in the world, yet sources of consolidated structural and analytical guidance are lacking. Successful Defined Contribution Investment Design fills the gap with a comprehensive handbook that covers the bases to help you develop an objective-aligned defined contribution plan.

Author : Jeffery V. Bailey,Kurt D. Winkelmann
Publisher : CFA Institute Research Foundation
Page : 108 pages
File Size : 42,5 Mb
Release : 2021-08-11
Category : Business & Economics
ISBN : 9781952927218

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Defined Contribution Plans: Challenges and Opportunities for Plan Sponsors by Jeffery V. Bailey,Kurt D. Winkelmann Pdf

American workers rely on their employers to provide a way to generate retirement income beyond their Social Security earnings. Many employers still offer traditional defined benefit (DB) pension plans. A growing majority, however, have replaced DB plans with account-based defined contribution (DC) plans. Virtually everyone acknowledges that the basic DC plan design is flawed. Yet as a society with low private savings and a fraying Social Security system, we count on this imperfect structure to serve as a retirement security bulwark. Workers and society both need the employer-sponsored retirement system to function well. Enhancing DC plan design therefore becomes critical. Defined Contribution Plans: Challenges and Opportunities for Plan Sponsors offers guidance to plan sponsors interested in better understanding the primary issues confronting DC plans. We wrote this book from the viewpoint of the plan sponsor seeking to improve the DC system, and it follows five major themes: the plan participant, the plan sponsor, plan design, investments and investment managers, and asset decumulation in retirement. We present the material conversationally from a high-level perspective. We have not sought to write an encyclopedia on DC plans but rather focus on the basic features of well-run plans. We address key challenges facing DC plans and offer associated design and policy recommendations for plan sponsors and other interested parties to consider. Plan design improvements almost certainly will be incremental, rather than sweeping top-down changes mandated by regulators. Plan sponsors individually will make the important decisions that have lasting consequences for participants and for society. Our objective is to spark interest among sponsors, encouraging them to carry out additional research and take action. We believe the DC system will be strengthened by informed sponsors advocating for and implementing thoughtful strategic changes to their plans.

Author : Anonim
Publisher : DIANE Publishing
Page : 59 pages
File Size : 47,7 Mb
Release : 2024-06-27
Category : Electronic
ISBN : 9781437982183

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Defined Contribution Plans: Key Information on Target Date Funds as Default Investments Should Be Provided to Plan Sponsors and Participants by Anonim Pdf

Author : Olivia S. Mitchell,Raimond Maurer,P. Brett Hammond
Publisher : OUP Oxford
Page : 336 pages
File Size : 45,9 Mb
Release : 2014-10-16
Category : Business & Economics
ISBN : 9780191029974

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Recreating Sustainable Retirement by Olivia S. Mitchell,Raimond Maurer,P. Brett Hammond Pdf

The financial crisis and the ensuing Great Recession alerted those seeking to protect old-age security, about the extreme risks confronting the financial and political institutions comprising our retirement system. The workforce of today and tomorrow must count on longer lives and deferred retirement, while at the same time it is taking on increased responsibility for managing retirement risk. This volume explores new ways to think about, manage, and finance longevity risk, capital market risk, model risk, and regulatory risk. This volume offers an in-depth analysis of the 'black swans' that threaten private and public pensions around the world. Capital market shocks, surprises to longevity, regulatory/political risk, and errors in modelling, will all have profound consequences for stakeholders ranging from pension plan participants, plan sponsors, policymakers, and those who seek to make retirement more resistant. This book analyzes such challenges to retirement sustainability, and it explores ways to better manage and finance them. Insights provided help build retirement systems capable of withstanding what the future will bring.

Author : Zvi Bodie,Rachelle Taqqu
Publisher : John Wiley & Sons
Page : 227 pages
File Size : 45,7 Mb
Release : 2011-12-27
Category : Business & Economics
ISBN : 9781118014301

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Risk Less and Prosper by Zvi Bodie,Rachelle Taqqu Pdf

A practical guide to getting personal investing right Somewhere along the way, something has gone very wrong with the way individuals save and invest. Too often, households are drawn in by promotional suggestions masquerading as impartial investment advice. Consumers get saddled with more risk than they realize. Authors Zvi Bodie and Rachelle Taqqu understand the dilemma that today's investors face, and with Risk Less and Prosper they will help you find your financial footing. Written in an accessible style, this practical guide skillfully explains why personal investing is all about you—your goals, your values and your career path. It shows how to understand investment risk and choose the particular blend of risk and safety that is right for you. And it lays out several simple yet powerful ways for small investors to cast a reliable safety net to achieve their financial goals and truly prosper. Coauthors Bodie and Taqqu challenge the myth that all investments require risk, then highlight some important risks that families often disregard when deciding where to put their money. Later, they connect the dots between investment and investor, showing us all how to grasp our own investment risk profiles and how we may use these insights to make more fitting investment choices. Outlines a straightforward way to invest by aligning your investments with your goals and the risk levels you can bear Provides basic investment abc's for readers who are otherwise literate Lays out a simple, actionable plan for achieving your goals Explains the role of risk-free assets and investment insurance in assuring that you reach your most essential goals Contrary to popular belief, investing doesn't have to be complicated. You can build wealth without taking great risks. Risk Less and Prosper will show you how to make investment decisions that will make your financial life less stressful and more profitable.

Author : Oecd
Publisher : Unknown
Page : 208 pages
File Size : 46,5 Mb
Release : 2020-12-07
Category : Electronic
ISBN : 9264633456

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OECD Pensions Outlook 2020 by Oecd Pdf

The 2020 edition of the OECD Pensions Outlook examines a series of policy options to help governments improve the sustainability and resilience of pension systems. It considers how to ensure that policy makers balance the trade-off between the short-term and long-term consequences of policy responses to COVID-19; how to determine and assess the adequacy of retirement income; how funded pension arrangements can support individuals in non-standard forms of work to save for retirement; how to select default investment strategies; how to address the potential negative consequences from frequent switching of investment strategies; and, how retirement income arrangements can share both the investment and longevity risks among different stakeholders in a sustainable manner. This edition also discusses how governments can communicate in a way that helps people choose their optimal investment strategies.

Author : United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions
Publisher : Unknown
Page : 280 pages
File Size : 54,6 Mb
Release : 2000
Category : Business & Economics
ISBN : PSU:000046299741

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Hybrid Pension Plans by United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions Pdf

Author : American Council on Education
Publisher : Greenwood
Page : 2126 pages
File Size : 43,8 Mb
Release : 2005
Category : Business & Economics
ISBN : 1573564664

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The National Guide to Educational Credit for Training Programs by American Council on Education Pdf

Highlights over 6,000 educational programs offered by business, labor unions, schools, training suppliers, professional and voluntary associations, and government agencies.

Author : Grant P. Wiggins,Jay McTighe
Publisher : ASCD
Page : 383 pages
File Size : 47,9 Mb
Release : 2005
Category : Education
ISBN : 9781416600350

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Understanding by Design by Grant P. Wiggins,Jay McTighe Pdf

What is understanding and how does it differ from knowledge? How can we determine the big ideas worth understanding? Why is understanding an important teaching goal, and how do we know when students have attained it? How can we create a rigorous and engaging curriculum that focuses on understanding and leads to improved student performance in today's high-stakes, standards-based environment? Authors Grant Wiggins and Jay McTighe answer these and many other questions in this second edition of Understanding by Design. Drawing on feedback from thousands of educators around the world who have used the UbD framework since its introduction in 1998, the authors have greatly revised and expanded their original work to guide educators across the K-16 spectrum in the design of curriculum, assessment, and instruction. With an improved UbD Template at its core, the book explains the rationale of backward design and explores in greater depth the meaning of such key ideas as essential questions and transfer tasks. Readers will learn why the familiar coverage- and activity-based approaches to curriculum design fall short, and how a focus on the six facets of understanding can enrich student learning. With an expanded array of practical strategies, tools, and examples from all subject areas, the book demonstrates how the research-based principles of Understanding by Design apply to district frameworks as well as to individual units of curriculum. Combining provocative ideas, thoughtful analysis, and tested approaches, this new edition of Understanding by Design offers teacher-designers a clear path to the creation of curriculum that ensures better learning and a more stimulating experience for students and teachers alike.

Author : Anonim
Publisher : Unknown
Page : 310 pages
File Size : 42,8 Mb
Release : 2009
Category : Employee fringe benefits
ISBN : CORNELL:31924112305440

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Benefits Quarterly by Anonim Pdf

Author : James Clear
Publisher : Penguin
Page : 321 pages
File Size : 55,8 Mb
Release : 2018-10-16
Category : Business & Economics
ISBN : 9780735211308

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Atomic Habits by James Clear Pdf

The #1 New York Times bestseller. Over 20 million copies sold! Translated into 60+ languages! Tiny Changes, Remarkable Results No matter your goals, Atomic Habits offers a proven framework for improving--every day. James Clear, one of the world's leading experts on habit formation, reveals practical strategies that will teach you exactly how to form good habits, break bad ones, and master the tiny behaviors that lead to remarkable results. If you're having trouble changing your habits, the problem isn't you. The problem is your system. Bad habits repeat themselves again and again not because you don't want to change, but because you have the wrong system for change. You do not rise to the level of your goals. You fall to the level of your systems. Here, you'll get a proven system that can take you to new heights. Clear is known for his ability to distill complex topics into simple behaviors that can be easily applied to daily life and work. Here, he draws on the most proven ideas from biology, psychology, and neuroscience to create an easy-to-understand guide for making good habits inevitable and bad habits impossible. Along the way, readers will be inspired and entertained with true stories from Olympic gold medalists, award-winning artists, business leaders, life-saving physicians, and star comedians who have used the science of small habits to master their craft and vault to the top of their field. Learn how to: make time for new habits (even when life gets crazy); overcome a lack of motivation and willpower; design your environment to make success easier; get back on track when you fall off course; ...and much more. Atomic Habits will reshape the way you think about progress and success, and give you the tools and strategies you need to transform your habits--whether you are a team looking to win a championship, an organization hoping to redefine an industry, or simply an individual who wishes to quit smoking, lose weight, reduce stress, or achieve any other goal.

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 16 pages
File Size : 50,6 Mb
Release : 1965
Category : Income tax
ISBN : OSU:32437122723485

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Retirement Plans for Self-employed Individuals by United States. Internal Revenue Service Pdf

Author : Heather Castle
Publisher : Unknown
Page : 242 pages
File Size : 49,8 Mb
Release : 2019-07-29
Category : Business & Economics
ISBN : 1516546865

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Understanding Retirement Planning by Heather Castle Pdf

Understanding Retirement Planning provides students with a comprehensive understanding of the real-world applications of retirement planning, as well as an exploration of the opportunities and challenges they will likely face in their career as a retirement planner. As students progress through the five modules within the anthology, they move from learning the basics of retirement planning to develop knowledge and skills centered around holistic retirement planning. They learn the importance of including the emotional, psychological, and financial needs of clients into their planning and how that consideration makes them more effective. Students also examine social programs and explore solutions that can reduce the potential economic impacts of government policy changes aimed at social programs. Readers are challenged to explore common unconscious biases, cultural expectations, and discriminations to better understand how these factors affect financial and retirement planning. The collection also discusses the retirement-planning challenges faced by all clients, including clients that are generally considered underserved, including older/aging workers, women, and LGBTQ+ individuals and couples. A comprehensive and enlightening collection, Understanding Retirement Planning is well suited for courses in financial planning. Heather Castle is a Certified Financial Planner, wealth manager, and the founder and CEO of Castle Wealth Advisors, a company that provides ethical and approachable financial planning and investment management to individuals and business owners regardless of age, sex, or net worth. She is a financial planning lecturer in the Department of Finance at California State University, Northridge. She holds a M.B.A. from the Manderson Graduate School of Business at the University of Alabama.

Author : OECD
Publisher : OECD Publishing
Page : 153 pages
File Size : 50,9 Mb
Release : 2021-03-10
Category : Electronic
ISBN : 9789264433076

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Towards Improved Retirement Savings Outcomes for Women by OECD Pdf

Labour market inequalities are well-known to be the main drivers of the gender pension gap. This publication focuses on helping governments find solutions for retirement savings arrangements that do not further exacerbate these inequalities.