|
Defined Contribution
The DeMarche approach to defined contribution
services is comprehensive, drawing on our 30+ years
of experience evaluating markets, money managers and defined
contribution providers. The result is a program that meets
the needs of plan participants and helps plan sponsors meet
their fiduciary responsibilities.
Satisfying Fiduciary Responsibility
Surveys have shown that fiduciary liability
is a top concern among defined contribution plan sponsors.
Historically, however, plan sponsors have applied different
levels of due diligence to defined benefit and defined contribution
plans. Because of the size of their assets and the investment
risk to the corporation, defined benefit plan sponsors typically
perform extensive analysis of investment managers, asset allocation
and fees. Ironically, the same is not generally true of defined
contribution plan sponsors. With a defined contribution, or
401(k) plan, the burden of performance shifts to the employee.
Because of this, management is often lulled into complacency.
Several factors have led to an increased focus on the due
diligence for defined contribution plans, including:
|
>>
|
Defined contribution plans are more visible to employees
because they are portable.
|
|
>>
|
Defined contribution
plans are becoming a significant, if not singular, source
of many participants' retirement assets. |
|
>>
|
DC plans are under
increasing scrutiny from employees - everyone seemingly
is an investor in the new millennium - the Department
of Labor and the courts. |
|
>>
|
About half of all
retirement plans do not have investment guidelines in
place. |
DEMARCHE DEFINED CONTRIBUTION PLAN
SERVICES
Our comprehensive program of defined contribution
services is designed to
develop, build and maintain a successful benefit plan for
sponsors and participants.
Put our knowledge and experience to work
for you.
For more information, contact your DeMarche consultant
or call (913) 384-4994.
|
