DC plan sponsors do not need to reinvent the wheel. Learn more about some time-tested principles that can be adapted by DC plans to produce winning strategies to help improve retirement outcomes for plan participants.
Don’t Reinvent the Wheel: Re-Align It
DB Plans Provide Roadmap for DC Plan Challenges
DC plan sponsors don’t need to reinvent the wheel – they can just realign it and adopt time-tested principles used by defined benefit (DB) plans to enhance DC plan design.
From DB to DC Adopting Winning Strategies
Leveraging best practices from DB plans can help improve DC participant outcomes.
The Defined Contribution Plan Transition: Successfully Restructuring Assets in the DC World
Proper preparations will help plan sponsors successfully restructure defined contribution plan assets.
Jim Danaher is a Senior Vice President and Managing Director of Defined Contribution Solutions at Northern Trust in Chicago. His primary responsibilities include directing the structure, implementation and maintenance of investment products for defined contribution plans. This includes managing research to identify new investment products, enhancing existing offerings, including target retirement date investments, and developing new distribution strategies to the marketplace.
He serves as a conduit between investment teams that include portfolio management and investment strategy, and Northern Trust’s distribution groups. He is a member of the Northern Trust Defined Contribution Investment Policy Committee, which oversees the management of the Northern Trust Focus Funds, Northern Trust's flagship target retirement date series. He guides Northern Trust’s ongoing defined contribution research series, the Path Forward, and continually authors research on defined contribution plans for Northern Trust's Asset Management publication, Point of View.
Prior to joining Northern Trust in 2008, Jim was an investment advisor with Aon Investment Consulting. His primary responsibilities included the sales and support of investment policy development, fund evaluation and management searches, and investment education strategies for qualified retirement plans.
He has more than 20 years of experience in providing guidance to plan sponsors for their defined contribution programs. He has testified before the ERISA Advisory Council’s Working Group on Financial Literacy of Plan Participants and the Role of the Employer. He has worked with several large employers in the financial services, hospitality and telecommunications industries. His largest client engagement to-date involved a defined contribution program with more than 200,000 participants. Jim attended St. Louis University and has attained his FINRA Series 6 and 63 registrations. He is a member of the Defined Contribution Institutional Investment Association.