Designing successful target-date strategies for defined contribution plans: putting participants on the optimal glide path

In the wake of the explosive growth of defined contribution (DC) plans invested with target date strategeies, and the understanding of how important these strategies can be in effectively meeting retirement income goals, plan sponsors are seeking more optimal target date approaches. They need sound advice on the best way to select investment managers, design their own asset allocation, and keep plan fees at the lowest possible level. They don't want ‘off-the-shelf’ products, but a more ‘open architecture’ approach that will enable them to provide target date strategies appropriate for the unique needs of their participants. This book is particularly valuable, especially in this challenging financial climate, becasue it gives in-depth answers to these questions about DCplan design from the nation's most qualified and experienced experts. It presents the views of individuals from all across the market, including a broad range of plan sponsors who work both in the corporate world and in the public/government sectors, consultants and advisors from the most respected firms, academics who teach at leading universities, and other innovative leaders. This broad range of knowledge helps readers to understand the evolution of DC plans, pulls together all angles of what it takes to develop custom target date strategies, and provides them with a look ahead to the future.Stacy L. Schaus, CFP is a Senior Vice President and the Defined Contribution Practice Leader at PIMCO. In this role, she leads the DC business, including client servicing, consultant relations, analytics, marketing, product development and thought leadership. PIMCO manages over $100 billion in DC assets. In 2009, Stacy was rated by 401(k) Wire as one of the 100 most likely to influence the future direction of DC plans. Prior to joining PIMCO in 2006, Stacy was a principal at Hewitt Associates in Lincolnshire, Illinois. During her 17-year career at Hewitt, Stacy built Hewitt Financial Services Investment Consulting and Brokerage, as well as created the Hewitt 401(k) IndexTM and the Hewitt Personal Finance Center. Stacy began her career in 1981 with Merrill Lynch CapitalMarkets. With over 28 years of defined contribution experience, she is also aCertified Financial Planner and served on the board of the Financial PlanningAssociation. Stacy is the author of two books as well as numerous articles onDC issues including PIMCO DC DialogueTM She currently serves on the board andresearch committee of the Employee Benefit Research Institute.

• ISBN: 978-0-470-59631-9
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 336
• Fecha Publicación: 26/04/2010
• Nº Volúmenes: 1
• Idioma: Inglés