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THE VALUE OF DETERMINING A RETIREMENT PLAN'S PHILOSOPHY

THE VALUE OF DETERMINING A RETIREMENT PLAN'S PHILOSOPHY

More than an investment policy statement or retirement committee charter, retirement plan executives say establishing a plan's philosophy can help strengthen the design of the plan and ultimately improve the results for participants. It causes company's to consider what they want the plan to achieve to help their employees retire comfortably and can impact decisions to add other elective programs into the mix, like a health savings account (HSA).

Thérèse Wolfe, a Principal in UHY's Northeast region, says UHY helps its clients develop a philosophy by asking them what their objectives are for their plan. “Most plans cannot achieve every objective, but we try to help them meet as many as possible,” Wolfe says.

 

Read the full article published by PlanAdviser.

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