Update: Turbulent financial markets and the impact on DC plans

The current financial market turmoil has important implications for defined contribution (DC) programs. Plan sponsors and fiduciaries should quickly determine whether the prudent response to these extraordinary conditions is to make changes or maintain the present course. Along with assessing threats to participants' assets, plan sponsors may need to draft communications to address participants' concerns, step up plan governance, and reconsider already-planned changes to investments or service providers. This Update discusses these steps in further detail.  (Update, 6 Oct 2008, 4 pages)

• Full Update (PDF)

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