20.03.2019 01.42 GMT+0000
More employers are implementing asset retention strategies. This may require more than a few changes to the plan design.
Is Your Recordkeeper Undermining Your Initiatives?
Attitudes about employer-sponsored retirement plans’ retaining the assets of terminated employees are starting to change. Asset retention strategies can benefit the plan as a whole and participants. However, an employer implementing an asset retention strategy needs to determine if the plan recordkeeper is also vying for those same assets and has an economic interest in undermining the employer’s strategy.