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Jay Castellano
From: NAGDCA <cmiller@nagdca.ccsend.com> on behalf of NAGDCA <cmiller@amrms.com>
Sent: Wednesday, August 19, 2020 11:02 AM
To: Jay Castellano
Subject: PRRL Participation Reaches Critical Mass
Hello NAGDCA Members,
I’m delighted to report that our campaign to build the Public Retirement Research Lab (PRRL)
database is proving successful. The PRRL, you’ll recall, is an industry-sponsored collaborative
effort of NAGDCA and the Employee Benefit Research Institute (EBRI) formed in late 2019. It
collects and analyzes public sector defined contribution retirement plan data to provide
unbiased, actionable findings to better inform public plan administration, participant engagement,
innovation, and legislation.
To date, 105 plan sponsors have agreed to share data from 194 plans with the Public
Retirement Research Database (PRRD), the first-ever comprehensive participant-level database
of public sector defined contribution plans. This infographic shows the breakdown of
participation by sponsor and plan. Here’s a sample of the type of research the PRRL will
produce from this data: PRRL Study Snapshot.
The majority of plan sponsors that have agreed to share their data with the PRRD are NAGDCA
members. Thank YOU!
It’s not too late to share your plans data with the PRRD and become a PRRL Plan Sponsor
Participant.
Participation in the PRRD is ongoing. To share your plans data, you need only complete a
simple form authorizing your record keeper to transfer it to the PRRD. Data security is
paramount and assured; a detailed description of the process is available here. For additional
information and assistance, including help navigating unique statutes prohibiting data sharing,
please contact me at mpetersen@nagdca.org.
It still may be possible to contribute 2019 data enabling independent assessment and
comparison, and inclusion in PRRL analysis. Please check with your record keeper.
PRRL Plan Sponsor Participants receive these benefits:
free access to the PRRL Benchmarking Tool enabling independent assessments
and comparisons according to select variables (see examples here)
a “You vs. the Universe” report comparing their retirement plans with aggregated
data from other plans in the database
access to exclusive public sector-focused research from EBRI, NAGDCA, and
PRRL Founding and Supporting Partners
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