Successful Defined Contribution Investment Design : How to Align Target-Date, Core and Income Strategies to the PRICE of Retirement

Successful Defined Contribution Investment Design -- Disclosure -- Contents -- Acknowledgments -- Introduction -- How This Book Is Organized-and How to Use It -- A Continuing Commitment to Meet the Need for Information -- Why Should You Read This Book? -- Part One DC Plans: A Cornerstone of Retirement -- Chapter 1 DC Plans Today: An Overview of the Issues -- Preface: A Career and a New Form of Pension Plan Are Born -- DC Plans: Becoming the New Reality . . . No Turning Back -- Setting Goals for Success: Income Replacement Targets -- Reducing DC Litigation Risk: Process and Oversight -- Who's a Fiduciary? -- How to Approach Outsourcing DC Plan Resources -- Hiring an Investment Consultant -- Getting Started: Setting an Investment Philosophy and Governance Structure -- Establish Global Philosophy and Guiding Principles -- Set Retirement Plan Objectives and Design -- Create Governance Oversight Structure -- Formulate Objective Measures of Success -- Outline Implementation Considerations -- PIMCO Principles for DC Plan Success: Building and Preserving Purchasing Power -- Maximizing DC Savings: Just Do It! -- In Closing -- Questions for Plan Fiduciaries -- Chapter 2 Aligning DC Investment Design to Meet the PRICE of Retirement -- Begin with the End in Mind -- What Is a Reasonable Pay Replacement Target? -- Calculating the Income Replacement Rates -- Historic Cost of Retirement: PRICE Is a Moving Target -- A Focus on Income, Not Cost -- PRICE-Aware: Applying PRICE to Consider DC Assets and Target-Date Strategies -- Evaluating Glide Paths -- Tracking DC Account Balance Growth Relative to PRICE -- Summary: The Importance of Knowing Your PRICE -- In Closing -- Questions for Plan Fiduciaries -- Note -- Chapter 3 Plan Investment Structure -- Tiers and Blends: Investment Choices for DC Participants