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Defined contribution plans could use some work from plan sponsors, according to a new report from Willis Towers Watson, specifically in the areas of financial well-being, investments and compliance, if they’re going to be the most help to employees in 2020 and the years to come.

According to the report, while plan assets are definitely on the rise—having risen “about 90 percent between 2007 and mid-2019,” and are projected to continue to increase—plans themselves need an assist if they’re to provide the greatest benefit to participants.

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Marlene Satter

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

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