Plan Sponsor Opportunities for Plan Participants

Plan sponsor opportunities exist and now taking advantage of those opportunities are easier than ever before!  And, although those opportunities do exist why do many employers still choose to not take advantage of the opportunities?

Now, may be the perfect time for plan sponsors to take full advantage of  The Ideal Plan – as it was coined by The Plan Sponsor University approximately ten years ago.

The Ideal Plan incorporates Auto Enrollment, Auto Escalation, Stretching the Employer Match and utilization of an actively managed Default Investment Option.  The features used within The Ideal Plan are rooted in research and conducted by academics – and they have been successful in helping plan participants generate a larger retirement savings nest-egg.

An article recently written by Fred Barstein, appeared in WealthManagement.com, outlining the benefits of the TPSU Ideal Plan, as well as some of the challenges.  Yes, there are challenges and concerns when implementing a TPSU Ideal Plan.

Some of the concerns do include: costs, small account balances, and an increased workload.  These are true concerns for those plan sponsors who are considering an Ideal Plan!  However, most programs with favorable outcomes do not always come easy for all.  In this case, the TPSU Ideal Plan is worth your consideration!