Leveraging PPA to Manage Defined Contribution Plan Risk

Opportunities offered by the Pension Protection Act of 2006 (PPA) are now available to support plan sponsors in their management of risks associated with their defined contribution programs. This article describes the risks created by plan sponsors if they fail to actively manage their programs give...

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Bibliographic Details
Published inBenefits quarterly Vol. 23; no. 4; p. 49
Main Authors Borland, Alison, Hess, Pam, Reiskytl, Rob
Format Journal Article
LanguageEnglish
Published Brookfield International Society of Certified Employee Benefit Specialists 01.10.2007
Subjects
Baby boomers
Cost control
Decision making
Defined benefit plans
Defined contribution plans
Design
Employees
Employers
Human resource management
Litigation
Pension Protection Act 2006-US
Retirement income
Retirement plans
Risk management
Workforce
United States > US
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Summary:Opportunities offered by the Pension Protection Act of 2006 (PPA) are now available to support plan sponsors in their management of risks associated with their defined contribution programs. This article describes the risks created by plan sponsors if they fail to actively manage their programs given the increasing importance of defined contribution plans in providing retirement income to Americans. It suggests specific steps plan sponsors can follow to ensure alignment of plan design and business goals, optimize results for employees and take advantage of the opportunities offered by PPA. [PUBLICATION ABSTRACT]
ISSN:8756-1263
2168-3336