Impact of Headline Topics
Besides the pandemic creating headlines this year, recent and proposed legislative and regulatory changes may prompt sponsors to take action in two areas they have been slow to materially accept: environmental, social and governance (ESG) investing and in-plan retirement income solutions. Both are used by fewer than one in eight defined contribution (DC) plans, and it is unclear what effect these regulatory changes will have on sponsor interest. Programs to help employees manage student loan debt have also interested sponsors, with adoption having doubled since 2017.
Plans Offering ESG Investment Options
Plans Offering a Student Loan Repayment Program
Plans Offering an Income Creation Product/Strategy
†E.g., Financial Engines Income+, Morningstar Income Secure, etc.
‡E.g., Hueler Income Solutions, etc.