A good compliance program takes both reactive and proactive approach to ensure that the organization is up to date and meets disclosure requirements in the states where the organization operates and currently has employees and in states where its next employees may be.
Automated, technology-driven solutions offer a clear path to eliminate costly billing discrepancies, streamline administrative processes, and provide deeper financial insights, ultimately safeguarding against overspending and driving long-term savings.
Many plan sponsors believe personalized advice and guidance will improve retirement outcomes and see managed accounts as the next step in the evolution of “one portfolio for all perspectives,” according to PGIM’s Defined Contribution survey.