Retirement
Defined Contribution 2024 Trends
The retirement industry is facing an era of sweeping changes for plan sponsors and participants. Despite improving economic conditions, retirement savers may find themselves with limited resources, time and support to navigate an increasingly complex vortex of financial priorities and demands.
However, SECURE Act 1.0 and 2.0 have provided the catalyst for a proliferation of new plan features and plan design options, giving sponsors more ways to support participants’ savings and financial wellness goals.
Additionally, technological innovations are enabling service and product offerings to provide more personalized capabilities to savers, driven largely by a growing awareness of the impact of individual circumstances on retirement outcomes.
Meanwhile, plan sponsors are feeling the effects of consolidation across the industry, from recordkeeping to advisory firms and more.
Defined Contribution 2024 Trends
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