Retirement and benefits plan professionals routinely balance the needs of their organizations with the needs of their employees, many of whom are feeling insecure about saving for retirement. Once we throw in competition for talent, compliance with changing regulations, personal liability, and a perilous economy, anyone can see that dedicated benefits representatives bear enormous moral, professional, and fiduciary responsibilities every day.

Furthermore, Congress passed SECURE 2.0 at the end of 2022 with the primary focus of assisting working Americans with additional 401(k) and 403(b) benefit plan asset accumulation with catching up on retirement plan savings by removing and modifying existing legislative barriers from the initial 2019 SECURE Act legislation. The first half of 2023 hasn't made plan sponsors' lives any easier, with SECURE 2.0, new IRS rules on-deck, ballooning ERISA litigation settlements, and relentless cyber criminals. How can plan sponsors and managers alleviate their personal liability pressure points so they can focus on their mission to guide employees' planning and benefits in a manner beneficial to both the company and the staff?