Between 2011 and 2022, the number of issuers fell some in the large-employer market and more in the small-employer market, according to the Government Accountability Office.
The article argues that, given the federal government's endorsement of RBP and its proven efficacy in reducing employer costs and expanding participant options, it is now virtually impossible for a plan fiduciary to lawfully discharge their duties in accordance with ERISA without at least considering the implementation of RBP.