Contents

Chapters in this book

1. Frontmatter I
2. About De/G PRESS VII
3. Acknowledgments IX
4. About the Author XI
5. About the Series Editor XIII
6. Contents XV
7. Introduction XXI
8. Part I: The Defined Benefit Plan Legacy
9. Chapter 1: An Overview of Existing Plans 3
10. Chapter 2: DB Plan Basics 7
11. Chapter 3: The DB Valuation Challenge 13
12. Chapter 4: The Regulatory Framework–Benefit Insurance, Minimum Funding Rules and Accounting Standards Affecting DB Plan Finance 21
13. Chapter 5: The Regulatory Framework–Minimum Standards for Retirement Plan Design and Tax Code Nondiscrimination Rules 31
14. Chapter 6: Problems with the DB Design 37
15. Chapter 7: The Cash Balance Plan Conversion Crisis 43
16. Chapter 8: The Secular Decline in Interest Rates and the Viability of DB Plans 53
17. Chapter 9: Getting Out, Slowly 57
18. Chapter 10: Managing the DB Legacy–Reducing PBGC Premiums 63
19. Chapter 11: The Cash Balance Alternative 73
20. Chapter 12: Intermezzo–Basic Policy Considerations Part I 75
21. Part II: Defined Contribution Plans and the 401(k) Revolution
22. Chapter 13: The Rise of the 401(k) 85
23. Chapter 14: DC/401(k) Plan Basics 89
24. Chapter 15: The DC Adequacy Challenge 95
25. Chapter 16: Adequate Savings and the Regulatory Framework–Retirement Savings Tax Incentives 105
26. Chapter 17: 401(k) Tax Code Nondiscrimination Rules 115
27. Chapter 18: Adequate Investment–The Asset Allocation Challenge 121
28. Chapter 19: ERISA Fiduciary Rules 127
29. Chapter 20: The Structure and Administration of 401(k) Plans, Revisited 133
30. Chapter 21: Why Fees? 139
31. Chapter 22: 401(k) Plan Fees and Fiduciary Regulation 143
32. Chapter 23: Fiduciary litigation 155
33. Chapter 24: Fiduciary Best Practices and Managing Fiduciary Risk 161
34. Chapter 25: An Adequate Payout 169
35. Chapter 26: Intermezzo–Plan B 183
36. Part III: The Future
37. Chapter 27: The Demographic Background 191
38. Chapter 28: The Great Transition 201
39. Chapter 29: Covering the Uncovered 207
40. Chapter 30: The Implications of the Software Revolution for Retirement Savings 219
41. Chapter 31: The Role of the Employer 225
42. Chapter 32: The Bureaucratization of Capital 231
43. Chapter 33: Coda 233
44. Index 237