A Roadmap for Defined Contribution Plan Sponsors

May 24, 2017 | Kweku Obed, CFA, CAIA, Managing Director, Ben Mohr, CFA, Director of Fixed Income, Managing Partner

Defined Contribution (DC) plan assets continue to grow and now total $7 trillion, with over 90 million Americans maintaining a DC account. The portion of employees in private industry who participate in a DC plan rose to 44% in 2016, while as noted in previous Marquette papers on Defined Contribution Plans and Secure Choice, the public sector representation in the DC space also continues to gain solid momentum. With this continued growth of participant-directed retirement assets comes the increased importance of fiduciary duty on the part of plan sponsors and where applicable, their consultant(s). This fiduciary duty is especially critical as it relates to plan structure and educational materials to maximize participation, appropriate deferrals, and responsible investment decisions for participants.

This paper highlights best practices for some of these key fiduciary duties, which can be helpful for plan sponsors that are either building or maintaining a DC program. It is centered on a goal of maximizing the likelihood that participants are saving (deferring) enough and are investing as prudently as possible.

Download PDF

Kweku Obed, CFA, CAIA
Managing Director

Get to Know Kweku

Ben Mohr, CFA
Director of Fixed Income, Managing Partner

Get to Know Ben

Related Content

04.26.2021

One Year Later, What’s Next?

Welcome to our inaugural quarterly client newsletter! As a way of introduction, I am Greg Leonberger, Director of Research here…

04.08.2021

Q1 2021 Market Insights Video

This video features an in-depth analysis of the first quarter’s performance by Marquette’s research analysts and directors, reviewing general themes…

03.31.2021

Signs of a Market Bottom: One Year Later

This month marked the somber one-year anniversary of the World Health Organization declaring COVID-19 a global pandemic. In addition to…

03.30.2021

Retirement Basics Video Series

This video series is intended for plan sponsors and fiduciaries and covers a variety of topics related to creating and…

Column chart showing returns for various asset classes a year on from the market bottom in March 2020. Chart subtitle: Markets have bounced sharply off the March 23rd, 2020 bottom. Chart description: Y-axis shows Return, ranging from -60% to +140%. X-axis shows Russell 1000, Russell Mid, Russell 2000, MSCI EAFE, MSCI EAFE SC, MSCI EM, U.S. Aggregate, High Yield, Bank Loan, EMD. Each category has a column for return period 12/31/19 through 3/23/20 and a column for return period 3/23/20-3/23/21. Excluding Agg, all categories were negative for first period by at least 30% and all are positive by about 20%+. Chart source: Bloomberg.

03.24.2021

One Year Ago, Would Anyone Have Predicted This?

What a year it has been. Officially one year after the equity market’s bottom on March 23rd, 2020, all major…

03.15.2021

Commodities: Cycle or Cyclical?

A commodities supercycle is generally defined as a sustained period of broad-based above-trend movement. In the first quarter of 2020,…

More articles

Subscribe to Research Email Alerts

Research Email Alert Subscription

Research alerts keep you updated on our latest research publications. Simply enter your contact information, choose the research alerts you would like to receive and click Subscribe. Alerts will be sent as research is published.

We respect your privacy. We will never share or sell your information.

Thank You

We appreciate your interest in Marquette Associates.

If you have questions or need further information, please contact us directly and we will respond to your inquiry within 24 hours.

Contact Us >