CONTENTS December 2022 - February 2023 COVER STORY 14 | Risk Protection Annual operational reviews can shield a plan from compliance errors. 2022 PLANSPONSOR DC SURVEY 18 | Benchmarking Beyond Fees Plot the best course when updating the plan's design or choosing a new provider. CONFERENCE COVERAGE 28 | Exploring ESG Investing Expert insights from the first of these PLANSPONSOR virtual events. TOTAL BENEFITS 34 | In Case of Emergency Should 'ESAs' become a core employee benefit? OPINION 36 | Employee-Owned ESOPs can up the assets of working Americans, and benefit the company. 2 | INSIGHTS 4 | RULES & REGULATIONS Hackers' Withdrawal Strategies; plus More From Washington and the Courts 7 | PARTICIPANT ANALYSIS 'No, Thanks,' to the DC Plan 8 | UPFRONT A New, Increased 'Safe' Withdrawal Rate? ESG Is Permissible but Not Required Older Participants Face Income Shortfalls Words Worth 1,000 Pictures Falling Short With a DB Plan 38 | FIDUCIARY FORUM Check Your 404(c) Compliance Guard fiduciaries from participants' bad investment decisions. 39 | INSIDE ANGLE The Department of Labor OKs ESG The agency's revised regulation warms to 'green.' 40 | PLAN PROFILE Continuous Improvement The 2017 403(b) Plan Sponsor of the Year exceeds its own success. PLANSPONSOR.COM December 2022 - February 2023 1http://www.PLANSPONSOR.COM