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As financial, regulatory and retirement landscapes grow more complex, so do the needs of 401(k) plan sponsors – 80% of whom leverage consultants to help maintain competitive benefits, engage employees and fulfill fiduciary responsibilities, according to Morgan Stanley's 2024 Retirement Plan Survey. And with retirement planning support and financial advice among the most in-demand employee financial benefits, plan sponsors are seeking a greater breadth and depth of solutions.

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Lynn Cavanaugh

Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. Prior, she was editor-in-chief of the What's New in Benefits & Compensation newsletter. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast and American Media.