Suggested Results
Less Than a Third of Employers With Defined Contribution Plans Surveyed Say They Are Very Likely to Switch to a State-run Retirement Savings Plan Offered in Their State
A recent LIMRA Secure Retirement Institute study finds 30 percent of employers who offer a defined contribution (DC) plan say they are very likely to stop offering their defined contribution plan and have their employees enroll in a state-run retirement savings plan.
Almost Three Quarters of Defined Contribution Advisors Offer Financial Wellness
According to LIMRA Secure Retirement Institute (LIMRA SRI), 73 percent of advisors report that they specifically offer financial wellness support in their defined contribution (DC) plans.
COVID-19 Expected to Have a Short-Term Impact on Defined Contribution Plan Sales
The coronavirus pandemic and the resulting social distancing measures have disrupted many aspects of the economy. Employers — many who are dealing with the potential of lower revenue and managing remote work arrangements and the uncertainty of when things will return to normal — may choose to delay or cancel plans to put their defined contribution (DC) plans out to bid. This would significantly impact DC plan sales in 2020.