The adoption of industry best practices is helping sponsors of higher education retirement plans post better results.

That's the word from Cammack Retirement Group, whose fourth edition of the Higher Education Retirement Plan Survey found that in 2013 and 2014, sponsors made changes in plan design that have resulted in increasing participant success, lessening their administrative burden and minimizing fiduciary risk.

For starters, 90 percent of private institutions that responded to the survey now use an investment advisor of some kind. In 2011 that figure was 71 percent; in 2012, 77 percent. And while 25 percent of those advisors were serving as plan fiduciaries in 2010, now almost 50 percent do.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.