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Plan sponsors are doing less
Many plan sponsors have halted planned upgrades, suspending actions that may have helped their participants be better prepared for retirement, according to
Pensions & Investments. Although plan sponsors are still reviewing risk profiles among their current asset managers and considering plan design enhancements, few are executing on the results.
What can defined contribution committees do?
Stress test your plan. The last two quarters provide real data about participant behavior and fund results in difficult markets. Understand the impact that subsequent effects may have on your employees’ retirement readiness and reinforce positive actions.