A new report from PGIM DC Solutions finds that plan sponsors can do more to personalize defined contribution (DC) retirement plans, in order to better meet the need of Americans once they retire.
"Savings accumulation has been the primary focus for DC plans, but as an increasing number of workers retire with DC accounts, they will be tasked with translating their savings into income," the new report said. "This will drive demand for better solutions that address the many unique risks that retirees face in retirement."
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