Watch this video A recent trend in DC plans is to go on “auto-pilot,” says Alain Malaket, senior director of pensions and benefits with George Weston Ltd./Loblaw Companies Ltd. Tools such as auto-enrollment, mandatory participation and auto-escalation are becoming increasingly popular. However, Malaket warns that these systems might need a boost from additional programs such […]
Defined contribution (DC) plan members who utilized automatic features such as rebalancing and deferral increase during the recent market downturns realized average account balance increases of 26 percentage points to those who didn’t, according to Mercer. The findings are based on an analysis of Mercer’s database of 1.2 million DC plan participants, excluding any participants […]