Happy holiday weekend, PLANSPONSOR readers! This week saw a new wave of retirement plan excessive fee suits, with one targeting advice and brokerage account offerings and one filed against a small 114-participant plan. New research revealed ways to target each generation’s needs in financial wellness programs and times to ‘nudge’ employees to save for retirement. And, retirees share retirement saving advice with younger workers. Enjoy this edition of PLANSPONSOR Weekend!
The purpose of a retirement plan and the demographics of its participants will help plan sponsors decide what types of investments they need to use to take participants from accumulation to decumulation.