PLANSPONSOR - January - February 2024 - 16

COVER STORY
CORNER
WHAT'S
AROUND THE
Plan sponsors prepare
and plan for 2024
P
lan sponsors had their hands full last year. Consolidation and cybersecurity among plan service
providers; financial wellness programs; retirement income; and regulation-particularly
the SECURE [Setting Every Community Up for Retirement Enhancement] 2.0 Act-all
received extensive news coverage and discussion.
Plan investments contended with rising rates and an uncertain economic outlook. The continued
adoption of collective investment trusts vs. mutual funds changed the composition of many plans'
lineups. The convergence of wealth management and retirement plan services continued.
As to SECURE 2.0, the outlook for some of its optional provisions remained uncertain; sponsors'
interest in financial wellness programs and retirement income options continued to grow. The
impact of IBM's decision in November to shift to a cash balance plan remains unclear. Cybersecurity
risks made headlines as a cyberattack on retirement and insurance platform provider Infosys
McCamish Systems LLC affected systems at Ascensus, Principal Financial Group, T. Rowe Price
and The Vanguard Group. Plan litigation continued to move downstream to smaller plans.
PLANSPONSOR asked industry experts what they saw as the key events and trends of 2023 and
to predict, informally, which ones are likely to continue, and what new ones likely to emerge, in 2024.
Forecasts are inevitably wrong to some degree, but our sources' insights are worth considering.
16 PLANSPONSOR.COM January - February 2024 Art by Klaus Kremmerz
http://www.PLANSPONSOR.COM

PLANSPONSOR - January - February 2024

Table of Contents for the Digital Edition of PLANSPONSOR - January - February 2024

INSIGHTS
PARTICIPANT ANALYSIS
RULES & REGULATIONS
UPFRONT
What’s Around the Corner?
A Focus on Guaranteed Income
Navigating ESG
Are You on Track?
Demographic Shifts
Advice on Advice
Fiduciary Best Practices
2 Distinct Roles for When Sponsors Act
The DOL’s Not-So-New Fiduciary Rule
Continuous Good Service
PLANSPONSOR - January - February 2024 - Cover1
PLANSPONSOR - January - February 2024 - INSIGHTS
PLANSPONSOR - January - February 2024 - 1
PLANSPONSOR - January - February 2024 - 2
PLANSPONSOR - January - February 2024 - 3
PLANSPONSOR - January - February 2024 - PARTICIPANT ANALYSIS
PLANSPONSOR - January - February 2024 - 5
PLANSPONSOR - January - February 2024 - RULES & REGULATIONS
PLANSPONSOR - January - February 2024 - 7
PLANSPONSOR - January - February 2024 - 8
PLANSPONSOR - January - February 2024 - 9
PLANSPONSOR - January - February 2024 - UPFRONT
PLANSPONSOR - January - February 2024 - 11
PLANSPONSOR - January - February 2024 - 12
PLANSPONSOR - January - February 2024 - 13
PLANSPONSOR - January - February 2024 - 14
PLANSPONSOR - January - February 2024 - 15
PLANSPONSOR - January - February 2024 - What’s Around the Corner?
PLANSPONSOR - January - February 2024 - 17
PLANSPONSOR - January - February 2024 - 18
PLANSPONSOR - January - February 2024 - 19
PLANSPONSOR - January - February 2024 - 20
PLANSPONSOR - January - February 2024 - 21
PLANSPONSOR - January - February 2024 - A Focus on Guaranteed Income
PLANSPONSOR - January - February 2024 - 23
PLANSPONSOR - January - February 2024 - 24
PLANSPONSOR - January - February 2024 - 25
PLANSPONSOR - January - February 2024 - 26
PLANSPONSOR - January - February 2024 - 27
PLANSPONSOR - January - February 2024 - Navigating ESG
PLANSPONSOR - January - February 2024 - 29
PLANSPONSOR - January - February 2024 - Are You on Track?
PLANSPONSOR - January - February 2024 - 31
PLANSPONSOR - January - February 2024 - Demographic Shifts
PLANSPONSOR - January - February 2024 - Advice on Advice
PLANSPONSOR - January - February 2024 - 34
PLANSPONSOR - January - February 2024 - 35
PLANSPONSOR - January - February 2024 - Fiduciary Best Practices
PLANSPONSOR - January - February 2024 - 37
PLANSPONSOR - January - February 2024 - 2 Distinct Roles for When Sponsors Act
PLANSPONSOR - January - February 2024 - The DOL’s Not-So-New Fiduciary Rule
PLANSPONSOR - January - February 2024 - Continuous Good Service
PLANSPONSOR - January - February 2024 - Cover3
PLANSPONSOR - January - February 2024 - Cover4
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