Thank you for sharing!

Your article was successfully shared with the contacts you provided.
University campus on a beautiful Fall day. (Photo: Shutterstock)

The COVID-19 pandemic has had a notable impact on higher education institutions and their employees, and as a result, retirement plan decisionmakers are looking to bolster their financial wellness plans to help employees feel more in control of their finances. In addition, as plan sponsors seek to reduce complexity and lower fees and costs, provider consolidation is expected to accelerate.

These are findings of Voya Financial’s report: “Lessons Learned on the Management of Higher Education Retirement Plans During Challenging Times.” The report polled 297 retirement plan decisionmakers at both public and private higher education institutions that offer a retirement plan.


Join BenefitsPRO

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

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

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.