Issues and Considerations Surrounding Facilitating Lifetime Plan Participation

This document is about a report produced by the ERISA Advisory Council examining the recent movement of participant assets out of defined contribution and defined benefit plans, and into retirement accounts not covered by ERISA, such as IRAs. The report provides ideas and recommendations for plan administrators and plan participants to facilitate lifetime retirement plan participation, including communications strategies, plan design options, and technological solutions to simplify plan-to-plan transfers and account consolidation.