Mercer reviews the 10 issues that plan sponsors should be thinking about for 2014. This year, the big issues centered around outcomes, audits and PR risk. Next year, Mercer predicts that plan sponsors will have to deal with judicial action (the Lockheed stock drop case at the Supreme Court?), regulations, litigation and enforcement actions.
Mercer’s list of suggested actions includes:
• Redefining success beyond participation and deferral rates
• Tailor investments to employee demographics
• Understand TDF risk – the DOL is watching
• Abandon revenue sharing
• Pay attention to inflation risk
• Focus on the benefits of financial wellness
• Custom funds
• Rebid plan
• Think global
• Revisit employee communication
A good list for advisors to send to clients and prospects about planning for the new year.
