DC plan sponsors are settling into a more reflective and exploratory phase, casting an expansive look at what’s truly in the best interest of their plan participants. It’s no longer enough to simply offer access to a 401(k) plan. Plan sponsors are working harder than ever, mulling ways to incorporate financial wellness, select holistic investment options and offer solutions to generate income long after participant’s leave the workplace.
Sonia Sharigian, lead author of the Retirement Planscape report, explores: