Four in 10 employers expect to devote more time addressing retirement plan governance issues over the next two years.
This is one finding from a new Towers Watson survey conducted in April and May.
“Managing and governing retirement plans has become increasingly difficult and time-consuming for plan sponsors over the past few years, especially as costs have risen and regulations have grown more complex,” said David Speier, Towers Watson’s Benefits Advisory and Compliance director. “Additionally, employers are growing concerned over many of the risks associated with their retirement plan governance. However, it appears that relatively few employers are proactively taking steps to address these concerns, particularly with respect to their defined contribution plans.”
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