What may be done at any time will be done at no time.
– Scottish Proverb
Plan sponsors utilizing an unbundled service arrangement may be unintentional procrastinators without even knowing it. Let me explain.
Bundling has benefits. If you’ve followed my last few posts, you’ve seen how bundling a defined benefit (DB) plan with one service provider can mean cost and time savings, increased oversight and better overall service for the plan sponsor. Another advantage of bundling is eliminating a significant risk most plan sponsors may not even be aware of – the “Harriet factor”. Read more
Welcome to my Defined Benefit (DB) Blog!
How do you spell DB? I probably asked myself that same question early on in my career in the retirement services business.
With so much industry attention given to defined contribution plans, the topic of defined benefit often gets thought of like that old, stodgy uncle who smells kind of funny and is generally avoided at family gatherings.
The truth is, there are a lot of exciting things happening in the world of DB. I’ve been in the retirement industry for more than 20 years, providing service to the largest retirement plan clients at the Principal Financial Group®. Currently, I manage our defined benefit operations area, and I’m excited to bring my uniquely DB perspective to this blog.