closeup of hand stacking blocks to spell Plan (Photo: Shutterstock)

Soaring inflation, supply chain snarls and the runup to the midterm elections already have made 2022 a tumultuous year. In the employer-sponsored retirement plan space, certain trends are emerging. How will plan sponsors respond?

Erik Daley, managing principal of Multnomah Group, an independent retirement plan consulting firm in Portland, Ore., recently shared five trends in the defined contribution retirement plan space that he expected will affect plan sponsors most over the next seven months. Pair those insights alongside a new survey from Willis Towers Watson showing what plan sponsors are expecting to take action on, and it’s apparent employers are in for a busy 2022 and 2023.

 

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