A PIMCO study finds 66 percent of consultants and advisors have recommended that plan sponsors provide a retirement income tier for retirees that offers a range of retirement income solutions instead of a one-size-fits-all fix. (Photo: Shutterstock)
Almost two thirds of large and midsized 401(k) consultants and advisors say that plan sponsors are looking to keep and serve plan participants after retirement.
That's according to the 13th Annual Defined Contribution Consulting Study published by PIMCO, which also finds that 66 percent of consultants and advisors have recommended that plan sponsors provide a retirement income tier for retirees that offers a range of retirement income solutions instead of a one-size-fits-all fix.
Consultants and advisors also advocated for distribution flexibility (84 percent), providing access to education and tools (41 percent) and adding retiree-focused investment options (38 percent) as top ways to keep DC plan participants once they've retired.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
