{"product_id":"designing-successful-target-date-strategies-for-defined-contribution-plans-isbn-9780470596319","title":"Designing Successful Target-Date Strategies for Defined Contribution Plans","description":"\u003cb\u003eThe ultimate guidebook for navigating the new world of pensions and retirement plans\u003c\/b\u003e  \u003cp\u003eIn the wake of the explosive growth of defined contribution (DC) plans invested with target date strategies, 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. This timely book provides you with in-depth answers from the nation's most qualified and experienced experts to pressing questions about DC plan design.\u003c\/p\u003e \u003cul\u003e \u003cli\u003ePresents the views of individuals from all across the market\u003c\/li\u003e \u003cli\u003eIncludes a broad range of plan sponsors both in the corporate world and in the public\/government sectors\u003c\/li\u003e \u003cli\u003eOffers views from consultants and advisors from the most respected firms, academics who teach at leading universities, and other innovative leaders\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith a broad range of knowledge and insight, \u003ci\u003eDesigning Successful Target Date Strategies in Defined Contribution Plans\u003c\/i\u003e helps you understand the evolution of DC plans, pulls together all angles of what it takes to develop custom target date strategies, and provides you with a look ahead to the future.\u003c\/p\u003e  \u003cb\u003eForeword.\u003c\/b\u003e  \u003cp\u003e\u003cb\u003eIntroduction.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAcknowledgments.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE DC Plan Evolution and Design Trends.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 DC Plans in the American Retirement System.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEvolution of DB and DC Plans.\u003c\/p\u003e \u003cp\u003eMaking the Move from a DB Plan to a DC Plan.\u003c\/p\u003e \u003cp\u003eHow Do We Measure DC Plan Success?\u003c\/p\u003e \u003cp\u003eWhat Is a Qualified Default Investment Alternative?\u003c\/p\u003e \u003cp\u003eIs Automatic Enrollment Enough?\u003c\/p\u003e \u003cp\u003eAuto-Escalation: How Much Is Enough?\u003c\/p\u003e \u003cp\u003eHow Much Should We Save to Beat Inflation?\u003c\/p\u003e \u003cp\u003ePreparing for Retirement in an Economic Downturn.\u003c\/p\u003e \u003cp\u003eWhat the Future May Hold for DC Plans.\u003c\/p\u003e \u003cp\u003eIn Closing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Evolving DC Plan Design.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvestment Structure of Defined Contribution Plans.\u003c\/p\u003e \u003cp\u003eFuture of DC Plan Investment Design.\u003c\/p\u003e \u003cp\u003eTier I: Qualified Default Investment Alternatives—Asset-Allocation Strategies.\u003c\/p\u003e \u003cp\u003eTier II: Core Investment Offerings in DC Plans.\u003c\/p\u003e \u003cp\u003eTier III: Brokerage or Mutual Fund Window.\u003c\/p\u003e \u003cp\u003eTier IV: Passive Investment Strategies?\u003c\/p\u003e \u003cp\u003eEvolving Structures and Alternative Investment Strategies.\u003c\/p\u003e \u003cp\u003eBringing It All Together: DC Investment Structure and Guarantees.\u003c\/p\u003e \u003cp\u003eIn Closing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Target-Date Strategies: Packaged versus Custom.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Plan Sponsors Create Custom Target Retirement-Date Strategies.\u003c\/p\u003e \u003cp\u003eIntel: Building Is Better than Buying.\u003c\/p\u003e \u003cp\u003eVerizon: Well Worth the Effort.\u003c\/p\u003e \u003cp\u003eIn Closing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO Development of Custom Target-Date Retirement Strategies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Legal and Fiduciary Considerations.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCommon Legal Questions Regarding DC Plans.\u003c\/p\u003e \u003cp\u003eInvestment Policy Statements and Governance.\u003c\/p\u003e \u003cp\u003eTarget-Date Strategies on the Hot Seat.\u003c\/p\u003e \u003cp\u003eWhat May Lie Ahead in Legislation of Target Strategies.\u003c\/p\u003e \u003cp\u003eIn Closing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Record Keeping and Trust.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTwo Basic Approaches to Setting Up Record Keeping.\u003c\/p\u003e \u003cp\u003eCustom Target Strategies Lead to New Record-Keeping Approaches.\u003c\/p\u003e \u003cp\u003ePros and Cons of Alternative Operational Approaches.\u003c\/p\u003e \u003cp\u003eQuestions to Pose to Your Record Keeper.\u003c\/p\u003e \u003cp\u003eKey Considerations to Determine Which Approach to Choose.\u003c\/p\u003e \u003cp\u003eEstablishing and Maintaining Operations.\u003c\/p\u003e \u003cp\u003eConversion of Target Risk to Target Date.\u003c\/p\u003e \u003cp\u003eFee Allocations and Disclosures.\u003c\/p\u003e \u003cp\u003eRebalancing the Target-Date Strategies.\u003c\/p\u003e \u003cp\u003eDeluxe Corporation: Seamless Operational Setup and Rollout Communication.\u003c\/p\u003e \u003cp\u003eHow Record Keepers and Trustees Support Operations.\u003c\/p\u003e \u003cp\u003eIn Closing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Communication Challenges and How to Meet Them.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCommon Myths Surrounding Custom Target-Strategy Communication.\u003c\/p\u003e \u003cp\u003eCommunicating the Benefits of Target-Date Strategies.\u003c\/p\u003e \u003cp\u003eCommunication: Strategies to Keep It Simple.\u003c\/p\u003e \u003cp\u003eCommunication Tools.\u003c\/p\u003e \u003cp\u003eHelping Plan Participants to Visualize Their Postretirement Future.\u003c\/p\u003e \u003cp\u003eCommunications and the Switch to DC Custom Strategies.\u003c\/p\u003e \u003cp\u003eCommunication Challenges during an Economic Downturn.\u003c\/p\u003e \u003cp\u003eIn Closing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Evaluating Costs in Custom Strategies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Costs Matter.\u003c\/p\u003e \u003cp\u003eHave You Calculated and Reduced Total Plan Cost?\u003c\/p\u003e \u003cp\u003eKeeping Fees Reasonable.\u003c\/p\u003e \u003cp\u003eUnbundling Can Keep Down Costs.\u003c\/p\u003e \u003cp\u003eCustom Strategies and the Value of Unitizing.\u003c\/p\u003e \u003cp\u003eExperts Discuss Fee Transparency.\u003c\/p\u003e \u003cp\u003eERISA Section 404(c) and Fee Disclosure.\u003c\/p\u003e \u003cp\u003eCosts of Implementing and Running Custom Target Strategies.\u003c\/p\u003e \u003cp\u003eIn Closing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE Designing and Benchmarking Custom Target-Date Strategies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Glide-Path Design.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAn Academic Look at Creating Optimal Asset-Allocation Strategies.\u003c\/p\u003e \u003cp\u003eA Practitioner’s Look at Creating Optimal Asset-Allocation Strategies.\u003c\/p\u003e \u003cp\u003eDC Plan Success Requires a New Approach.\u003c\/p\u003e \u003cp\u003eEvaluating the Probability of Meeting DC Retirement-Income Goals.\u003c\/p\u003e \u003cp\u003eEvaluating Risk-Factor Exposures in Target-Date Glide Paths.\u003c\/p\u003e \u003cp\u003ePlan Sponsor Approaches to Custom Target-Date Strategies.\u003c\/p\u003e \u003cp\u003eIn Closing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Asset Classes and Alternatives.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eClearing the Decks: Offering a Brokerage Window to Participants.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eTypical DC Core Investment Offerings.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSimplify, Simplify, Simplify.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSimplify yet Diversify.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSuggested Core Investment Lineup.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAdding Alternatives to Target-Date Strategies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIn Closing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Helping Protect DC Assets from Risk.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Do We Experience Risk?.\u003c\/p\u003e \u003cp\u003e2008 Market Impact on DC Participant Accounts.\u003c\/p\u003e \u003cp\u003eNo Place to Hide.\u003c\/p\u003e \u003cp\u003eWhat Are the Main Types of Risk?.\u003c\/p\u003e \u003cp\u003eHelping Protect DC Participant Assets from Risks.\u003c\/p\u003e \u003cp\u003eImportance of Tail-Risk Hedging.\u003c\/p\u003e \u003cp\u003eIn Closing .\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 Approaches to Benchmarking.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to Target Date Benchmarking and the Measure of Success.\u003c\/p\u003e \u003cp\u003eCommon Approaches to Benchmarking Target-Date Strategies.\u003c\/p\u003e \u003cp\u003eBenchmarking Managed Accounts.\u003c\/p\u003e \u003cp\u003eIn Closing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR Looking to the Future.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 Financial Education, Advice, and Retirement Planning.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Plan Sponsors Provide Education and Advice.\u003c\/p\u003e \u003cp\u003eIs Advice Needed When a Plan Has Auto-Enrollment and Target-Date Strategies?\u003c\/p\u003e \u003cp\u003eEducation and Advice Offered by Plan Sponsors.\u003c\/p\u003e \u003cp\u003eEvolution from Education to Managed Accounts.\u003c\/p\u003e \u003cp\u003eComparison of Managed Accounts and Custom Target-Date Strategies.\u003c\/p\u003e \u003cp\u003eAdvice beyond Asset Allocation.\u003c\/p\u003e \u003cp\u003eAdvice beyond Advice Models.\u003c\/p\u003e \u003cp\u003eWhat Is Financial Planning?\u003c\/p\u003e \u003cp\u003eFinancial Planning Process.\u003c\/p\u003e \u003cp\u003eFinancial Planning Fees.\u003c\/p\u003e \u003cp\u003eIn Closing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 13 Retirement Income and Guarantees.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEncourage Participants to Stay in the Plan or Go?\u003c\/p\u003e \u003cp\u003eIn-Plan Guaranteed Income Solutions.\u003c\/p\u003e \u003cp\u003ePlan Sponsors Exploring Guarantees.\u003c\/p\u003e \u003cp\u003eAllowing Consolidation of Outside Assets into the Plan.\u003c\/p\u003e \u003cp\u003eIn Closing.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e \"...the book is chock-full of interviews with more than 55 experts including consultants, plan executives, academics, financial planners, lawyers and others.\" (\u003ci\u003ePensions \u0026amp; Investments\u003c\/i\u003e, April 5, 2010) \u003cb\u003eSTACY L. SCHAUS, CFP\u003c\/b\u003e, is a senior vice president and the defined contribution practice leader at PIMCO, which manages over $130 billion in DC assets. Prior to joining PIMCO in 2006, she was a founder and president of Hewitt Financial Services LLC, where she created the Hewitt 401(k) Index. Ms. Schaus has nearly thirty years of investment experience. She has written extensively on defined contribution issues, including PIMCO DC Dialogue, and has been named by \u003ci\u003e401kWire\u003c\/i\u003e as one of the fifty most influential leaders in defined contribution for 2010. Stacy is the Founding Chairperson of the Defined Contribution Institutional Investment Association, as well as a board and research committee member for the Employee Benefit Research Institute. She also is a former board member of the Financial Planning Association.  Over the last decade, there has been a revolution in the way that retirement plans have been conceptualized and set up in America. Defined contribution (DC) retirement savings plans have rapidly become many organizations' sole sponsored retirement vehicle, providing participants a primary source of retirement savings beyond Social Security. With the amount of money going into these plans—over $3 \u003ci\u003etrillion\u003c\/i\u003e in assets—increasingly being invested in target-date retirement strategies, investment managers, consultants, advisors, record keepers, and many others are wisely clamoring to capture these assets and generate other significant business from these game-changing entrants.  \u003cp\u003eTaking a closer look at target-date strategies from all angles, \u003ci\u003eDesigning Successful Target-Date Strategies for Defined Contribution Plans\u003c\/i\u003e provides you with the support you need to design best-in-class target-date strategies for DC plans. Practical and detailed, this thorough book considers the current relevant trends in plan design with coverage of:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eThe expertise of many of the nation's leading consultants, legal experts, plan sponsors, academics, and others\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eVarious perspectives and innovative approaches to designing optimal DC plans\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eThe history of the development and restructuring of retirement plans in America, especially in light of the Pension Protection Act and recent regulations\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten by Stacy Schaus, a renowned defined contribution business leader who deals with these issues on a daily basis, this book explains it all, from the evolution of DC plans and design trends, including the development of target-date strategies, to the benefits of building rather than buying an off-the-shelf product, as well as all you need to know to set up your own custom strategies. This nuts-and-bolts book is designed to help you build a successful retirement program that will help manage risk and ultimately foster a dignified and secure financial future for employees of corporations, not-for-profits, governments, and for yourself as well.\u003c\/p\u003e  \u003cb\u003eYour nuts-and-bolts road map to understanding how to create custom target-date strategies\u003c\/b\u003e  \u003cp\u003eOne of the hottest investment products of the past few years, target-date retirement funds have taken hold in the world of 401(k) and other defined contribution plans, forcing you, as a plan administrator or sponsor, to rethink your program.\u003c\/p\u003e \u003cp\u003eWritten by one of the nation's most qualified and experienced experts in the field, \u003ci\u003eDesigning Successful Target-Date Strategies for Defined Contribution Plans\u003c\/i\u003e gives you the detailed answers you need to your questions about defined contribution plan design and building custom target-date strategies, with in-depth coverage of:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eDefined contribution plans in the American retirement system\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eEvolving DC plan design\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eTarget-date strategies: packaged versus custom\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eLegal and fiduciary considerations\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eRecordkeeping and trust setup\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eCommunication issues\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eEvaluating costs\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eGlide path design\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eAsset classes and alternatives\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eProtecting DC assets\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eBenchmarking\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eAdvice and retirement planning\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eRetirement income and guarantees\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eSince target-date strategies place participants on \"autopilot,\" you need to take a good, long look at what you offer so you can confirm that participants will arrive at the right destination. \u003ci\u003eDesigning Successful Target-Date Strategies¿for Defined Contribution Plans\u003c\/i\u003e demystifies the often daunting and confusing task of understanding these retirement investments, with sound advice from experts across the industry on the best way to design your own asset allocation, keep plan fees at the lowest possible level, and help protect both plan participants and sponsors from risk.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989049819365,"sku":"NP9780470596319","price":75.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470596319.jpg?v=1761782584","url":"https:\/\/k12savings.com\/products\/designing-successful-target-date-strategies-for-defined-contribution-plans-isbn-9780470596319","provider":"K12savings","version":"1.0","type":"link"}