The survey found 69% of sponsors are focusing on employees immediate financial needs, while just 31% said concern about retirement readiness was their biggest priority. (Photo: Shutterstock)

Callan’s 14th annual DC plan sponsor survey indicates sponsors will have an increased focus on governance in 2021, particularly around fees. Seventy-one percent of plan sponsors are at least somewhat likely to conduct a fee study in 2021, up from 56% in 2020, and DC plan sponsors cited governance and process as a top area of fiduciary focus for this year.

Related: Using operational controls to mitigate fiduciary risk

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?

Danielle Andrus



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.