The 401(k) plan is by far the most common employer-sponsored retirement plan. Not surprisingly, this also means that 401(k) plan benchmarking data is often easier to come by than similar data focused on 403(b), 457 or other retirement plans. However, plan types—like industries—are commonly connected to specific employee populations. They are also subject to different regulatory requirements. Combined, these factors can lead to different plan design considerations, most notably in areas related to eligibility, retirement income creation, and in-person advice and guidance.
Offers Systematic Withdrawals at Retirement
Offers In-Plan Retirement Income Products
Offers Plans With Immediate Eligibility Upon Hiring
Offers Participants One-on-One Meetings With Financial Planner/Adviser Outside of the Plan