Adapting Retirement Plans to Meet Changing Needs
Triggers include M&A, rapid growth, workforce changes, turnover spikes, or recurring testing failures.
When to Revisit Design
Triggers include M&A, rapid growth, workforce changes, turnover spikes, or recurring testing failures.
Popular Modernizations
Add Roth, after‑tax with in‑plan Roth conversions, or student‑loan match features where allowed
Tweak match formulas and eligibility to improve participation
Evaluate managed accounts or target‑date glidepaths as QDIA
Governance Rhythm
Adopt an annual design and fee review to keep the plan aligned with business strategy.
Plan Sponsor Action Checklist
Checklist
Hold an annual strategy review with your advisors.
Checklist
Benchmark fees and investment options.
Checklist
Survey employees to identify barriers to saving.
Talk to our team
References
- SECURE/SECURE 2.0 trends; QDIA oversight concepts.