The defined contribution plan space continues to be challenging as the Great Resignation of a couple of years ago has given way to uncertainty in the capital markets along with increasing financial concerns among plan participants.
Benefit teams have yet to see much relief and continue to be asked to do more with less, according to the Top considerations for defined contribution plans report from Mercer previewing 2024 for plan sponsors. The firm outlined six areas plan sponsors can focus on to meet new challenges and embrace emerging opportunities to help their participants attain a financially secure retirement.
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