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.
If you watch television around the holidays, you’re bound to come across one of the best (IMO) holiday movies ever made – A Christmas Story. One of my favorite parts is when Ralph’s mom gets his brother and him ready to go out and play in the snow. He was so bundled up that he could barely move.
Ralph’s mom definitely bought into the idea of bundling. Do you see where I’m heading? Yes, I want to talk about the benefits of bundling when it comes to defined benefit (DB) plans. (Wow, right?) 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.