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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

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Danielle Andrus



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