DB/DC Bundling Can Simplify Administration Burdens and More

Topics:
Accounting software,
Financial Regulations,
Retirement
Tags:
Administration,
Aon Corp.,
Human Resources,
Plan Participant,
Workforce Management
Source:
Aon

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Overview: Plan participants' demands for more personalized total retirement information and the need for accurate and cost-effective administration have driven significant changes in the nature and scope of services available to plan sponsors. In order to assist plan sponsors in addressing different issues, many major vendors in the retirement plan marketplace have developed an integrated approach for providing plan administration and related services for both Defined Benefit (DB) and Defined Contribution (DC) plans. This approach is referred to as "total retirement outsourcing" or simply "DB/DC Bundling." This paper depicts about the state of the DB/DC bundling market, services offered in a typical arrangement and issues to rise with prospective vendors.

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Format: PDF | Size: 41KB | Date: Nov 2005 | Pages: 3

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