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Retirement income tops sponsor concerns for plans

Advisors are seeing a shift in plan sponsors' perspective on retirees and their funds.

man meditating in shower of dollars 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.

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Marlene Satter

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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