Plan sponsors and recordkeepers agree that a focus on retirement income will be one of the biggest retirement practice trends to emerge in the near future, new research reveals.
MetLife disclosed this finding in a new report, "Retirement Income Practices Study: Perspectives of Plan Sponsors and Recordkeepers for Qualified Plans. The study examines the dynamics of the plan sponsor-recordkeeper relationship with regard to the provisioning of lifetime income options in qualified plans.
The study also assesses whether, and to what extent, plan sponsors of defined benefit and defined contribution plans and recordkeepers are communicating about – and closely coordinating their efforts to offer – retirement income education, strategies and solutions for their participants.
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