When building a house, having a framework to guide you is crucial to success. It’s not that different from designing a defined contribution plan. In both cases, your plan should detail the outcome you’re looking for — and how you expect to achieve it.
Plan sponsors are starting to design their DC plans with a targeted income replacement rate in mind, in part because these plans play a primary role in helping employees prepare for retirement, and many are not on track. Learn more about designing your framework for income in this guide from Fidelity Investments. >> Download PDF