The mission of the IRIC is to facilitate the culture shift of defined contribution plans from supplemental savings plans to programs that provide retirement security.

Listen to Matthew Radgowski talk about IRIC's mission.

The vision of the IRIC is to be recognized by plan sponsors, intermediaries, recordkeepers, product manufacturers and distributors, as the industry's leading source of information and thought leadership on institutional retirement income solutions.

To accomplish this we will:

• Establish a forum for unbiased, solutions-oriented thought leadership on institutional retirement income;
• Identify and overcome barriers that impact the offering of institutional retirement income solutions by plan sponsors and utilization by participants;
• Develop best practices and tools for how institutional retirement income solutions may be evaluated, selected, implemented, and monitored;
• Identify and address issues and concerns that will arise as institutional retirement income solutions become more prevalent; and,
• Promote the need for retirement income security for defined contribution plan participants.
• Establish the IRIC's brand and reputation;
• Develop and create comprehensive best practices and tools;
• Increase awareness and utilization of best practices and tools among key audiences, and,
• Facilitate solutions to key industry challenges.

Establish the IRIC's brand and reputation

• Announce the expanded sponsorship of the IRIC to key audiences through initial press release
• Create a fully integrated marketing/public relations plan
• Explore the viability of strategic partnership(s) with other industry associations and/or media partners

Develop and create comprehensive best practices and tools

• Create tools to enable comparison of products
• Provide information to facilitate plan sponsor decision making and enable the RFP process
• Define best practices for plan design, implementation, and communication
• Provide information and a consistent framework on products that are available

Increase awareness and utilization of best practices and tools among key audiences

• Publish educational information to raise awareness of our leadership position
• Enhance and expand a robust website
• Training for Consultant/Advisors share our expertise via hands on training
• Participation as speakers at industry conferences
• Leverage our strategic partnership(s)

Facilitate solutions to key industry challenges

• Standardization of recordkeeping
• Strengthening the plan sponsor case for taking action
• Provide insight to Legislative and Regulatory issues
• Provide our perspective to product manufacturers