Russell Investments, which works with retirement plan advisors and plan sponsors, has identified seven key attributes that can help plans move beyond average:

1. Adopt a retirement income mindset rather than a focus on account balances.

2. Provide a thoughtfully designed plan menu based on participant profiles instead of an overwhelming number of plan options.

3. Offer best-of-breed investments based on merit and analysis rather than proprietary and single manager solutions.

4. Work to increase the percentage of participants in an asset allocation strategy instead of maintaining a small percentage of assets in target date funds.

5. Provide effective employee education based on building a financial plan for retirement, not on mastering overly sophisticated investment concepts.

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