Inflation concerns, regulatory updates, and discussion of SECURE 2.0 were among the topics covered in a recent Mercer webinar that updated news on defined contribution (DC) retirement plans.
The DC Plan Sponsor Quarterly Update on May 3 included several speakers from Mercer and covered a wide range of topics. Moderator Kelly Henson, US DC investment strategy leader at Mercer, noted that regulation and other areas of DC plans had seen a lot of activity, especially because of the passage of SECURE 2.0, so the update covered quite a bit of ground.
|Judicial and regulatory action
Rhonda Berg, senior DC consultant with Mercer, noted that judicial activity had increased in the second quarter of 2023, with a number of large cases in the area of DC plan lawsuits. This included 14 settlements totaling $55 million in settlements. "There were 43 cases that we noted for this quarter; versus 28 for last quarter," Berg said. "So, activity did pick up."
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