PLANSPONSOR - December 2022-February 2023 - 9

TIDBITS
The Gap Is Wide
Believing they should
prepare for retirement-
financially, physically
and emotionally-
may not be enough to
make people actually
do it. Of survey
respondents who
agreed it's somewhat to
extremely important to
prepare, less than half in
most age groups have
done what is needed.
Source: AARP
n Say preparing is important n Say they're prepared*
92%
87%
77%
54%
45%
41%
45%
38%
42%
43%
87%
93%
20 - 29
years old
30 - 39
years old
40 - 49
years old
50 - 59
years old
60 - 69
years old
*8 - 10 rating on a scale where 1 is not prepared at all and 10 is extremely well prepared
outlooks, the researchers noted.
" The [findings] make clear that one
period's results cannot be used to predict
those of the next period, " the report
stated. " Bond yields change, stock valuations
shift, and inflation rates rise and
fall. Each has a strong effect on both
portfolio performance
and safe withdrawal
amounts. "
Benz cites concerns that some participants
will be frightened away from fixed
income after seeing what is usually considered
the safest form of investment showing
up as a loss in their retirement portfolio.
" I think fixed income is shaping up
as a deeply unloved asset type, " she says.
" I wonder if people will be scarred for a
generation after stocks and bonds are
both on track to lose almost the same
amount this year. "
Overall, the study points to the value
of balance, Benz observes.
" Over the usual retirement time
horizon, balanced allocations lead to the
highest starting withdrawal amounts, "
she says. -Alex Ortolani
EBSA Restores $1.4 Billion in 2022
The Employee Benefits Security Administration
recovered $1.4 billion through various
programs for fiscal year 2022. This falls well
below the $2.4 billion the agency restored a
year ago. For 2022, the bulk was retrieved
through enforcement and investigations.
A Record Year for DC Plans
The contribution rate reached an all-time high
in 2021. Employers upped their contribution
to 5.6% of pay, and they and workers together
pitched in an average 13.9% of pay. Almost
90% of eligible workers saved into a plan.
Source: Plan Sponsor Council of America, 65th Annual Survey of Profit Sharing
and 401(k) Plans
70 - 74
years old
PLANSPONSOR.COM December 2022 - February 2023 9

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PLANSPONSOR - December 2022-February 2023

Table of Contents for the Digital Edition of PLANSPONSOR - December 2022-February 2023

INSIGHTS
RULES & REGULATIONS
PARTICIPANT ANALYSIS
UPFRONT
Risk Protection
Benchmarking Beyond Fees
Exploring ESG Investing
In Case of Emergency
Employee-Owned
FIDUCIARY FORUM
INSIDE ANGLE
PLAN PROFILE
PLANSPONSOR - December 2022-February 2023 - Cover1
PLANSPONSOR - December 2022-February 2023 - Cover2
PLANSPONSOR - December 2022-February 2023 - 1
PLANSPONSOR - December 2022-February 2023 - INSIGHTS
PLANSPONSOR - December 2022-February 2023 - 3
PLANSPONSOR - December 2022-February 2023 - RULES & REGULATIONS
PLANSPONSOR - December 2022-February 2023 - 5
PLANSPONSOR - December 2022-February 2023 - 6
PLANSPONSOR - December 2022-February 2023 - PARTICIPANT ANALYSIS
PLANSPONSOR - December 2022-February 2023 - UPFRONT
PLANSPONSOR - December 2022-February 2023 - 9
PLANSPONSOR - December 2022-February 2023 - 10
PLANSPONSOR - December 2022-February 2023 - 11
PLANSPONSOR - December 2022-February 2023 - 12
PLANSPONSOR - December 2022-February 2023 - 13
PLANSPONSOR - December 2022-February 2023 - Risk Protection
PLANSPONSOR - December 2022-February 2023 - 15
PLANSPONSOR - December 2022-February 2023 - 16
PLANSPONSOR - December 2022-February 2023 - 17
PLANSPONSOR - December 2022-February 2023 - Benchmarking Beyond Fees
PLANSPONSOR - December 2022-February 2023 - 19
PLANSPONSOR - December 2022-February 2023 - 20
PLANSPONSOR - December 2022-February 2023 - 21
PLANSPONSOR - December 2022-February 2023 - 22
PLANSPONSOR - December 2022-February 2023 - 23
PLANSPONSOR - December 2022-February 2023 - 24
PLANSPONSOR - December 2022-February 2023 - 25
PLANSPONSOR - December 2022-February 2023 - 26
PLANSPONSOR - December 2022-February 2023 - 27
PLANSPONSOR - December 2022-February 2023 - Exploring ESG Investing
PLANSPONSOR - December 2022-February 2023 - 29
PLANSPONSOR - December 2022-February 2023 - 30
PLANSPONSOR - December 2022-February 2023 - 31
PLANSPONSOR - December 2022-February 2023 - 32
PLANSPONSOR - December 2022-February 2023 - 33
PLANSPONSOR - December 2022-February 2023 - In Case of Emergency
PLANSPONSOR - December 2022-February 2023 - 35
PLANSPONSOR - December 2022-February 2023 - Employee-Owned
PLANSPONSOR - December 2022-February 2023 - 37
PLANSPONSOR - December 2022-February 2023 - FIDUCIARY FORUM
PLANSPONSOR - December 2022-February 2023 - INSIDE ANGLE
PLANSPONSOR - December 2022-February 2023 - PLAN PROFILE
PLANSPONSOR - December 2022-February 2023 - Cover3
PLANSPONSOR - December 2022-February 2023 - Cover4
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