A Deeper Dive Into Plan Sponsor Loyalty

Technology advancements coupled with increasing regulatory oversight have spawned widespread change throughout the retirement landscape. The Department of Labor’s ever-present fiduciary rules have introduced a host of new compliance complexities and additional liabilities for employers and plan sponsors offering retirement benefits and related financial advice to employees. The heightened regulatory atmosphere has driven many plan sponsors to alter how they approach offering retirement products, with many choosing to outsource at least some portion of their retirement responsibilities to specialized retirement advisors that can support and augment their delivery model to participants.

EXECUTIVE SUMMARY

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