Midwest Hospital:
Consolidated, ERISAfied Plan An Enormous Success


Quantitative research has shown partnering with a professional retirement plan advisor helps retirement plan sponsors achieve better results in several ways: Better plan design and plan arrays, increased confidence in plan compliance and investment options, superior understanding of fiduciary issues, better overall asset allocation among plan participants, improved participant retirement outcomes.

The Midwestern hospital group featured in this case study realized these benefits by:
• Streamlining and consolidating plan providers
• Establishing a governance protocol
• Becoming ERISA-compliant
• Implementing a Qualified Default Investment Alternative (QDIA), and
• Increasing plan participation from 35% to 88% of all eligible employees

This healthcare organization is now able to leverage a retirement benefits package employees appreciate to compete for medical field talent in the labor market.

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