Sponsors of large and mega 401(k) plans are continuing to step up oversight of retirement plans and in many cases are taking a more paternalistic approach to plan design.
Gone, it would seem, are the days of offering a vanilla defined contribution vehicle and leaving participants to figure out a savings system on their own.
Last year, nearly 85 percent of sponsors surveyed in Callan Associates annual Defined Contribution survey offered some form of investment guidance or advisory services to plan participants. That was up from about 70 percent in 2014.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
