There’s a missed opportunity lurking in retirement plans: Lack of frequent reviews on how effective those plans are in preparing employees to afford retirement at the proper time.
That’s according to the 2016 MassMutual Retirement Plan Review Study, which found that while many plan sponsors say they want to review their retirement plans more often than they currently do, many sponsors want advisors to help them do so.
Fifty-seven percent of plan sponsor respondents said they want advisors to help them review their retirement plans semiannually or even more often, but 44 percent of sponsors report that such reviews currently take place.
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