Plan sponsors seek innovation in DC plan design beyond auto-enrollment
As employees face short-term stressors, plan sponsors look for new ways to bolster retirement readiness and improve financial resilience.
By Kristen Beckman|December 10, 2020 at 07:52 AM
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Innovation in defined contribution (DC) plans is becoming increasingly prevalent as such plans become more firmly entrenched as the primary vehicle by which Americans save for retirement. Auto-enrollment features and target-date funds (TDFs) are now common plan design features, but a variety of new innovations are beginning to attract the attention of plan sponsors as they seek to help employees achieve financial resilience and build an adequate retirement.
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