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The pandemic has created an opportunity for plan sponsors to re-evaluate and re-imagine defined contribution plans for the post-pandemic period. One way that plan sponsors can move the needle with their plans is through inclusion and diversity, according to a report by Willis Towers Watson.

WTW’s 2020 survey of DC sponsors found that two-thirds of respondents were extending their organizations’ broad I&D efforts into the realm of the retirement savings plans they offer. Doing so, according to the report, can increase participation and ensure fairness of both benefits and potential retirement outcomes.

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