Among the non-monetary elements of the settlement is a requirement to conduct a recordkeeping RFP process that will result in a per-participant fee structure.
Nearly two-thirds believe it is important to have a financial literacy program offered by their employer, and they listed the topics they would like discussed.
While there is significant interest being voiced among policymakers and plan sponsors about in-plan annuities, providers are favoring retirement income innovations that don’t involve guarantees.
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