PLANSPONSOR - November - December 2023 - 34
INVESTMENTS
Take Under Advisement
T
Menus must meet fiduciary standards while serving participants' needs
he conversation about retirement
often focuses on the total offering:
Is the match competitive with peer
companies? Are investment fees in line
with industry standards? Such are important
considerations, but at the core of any
retirement plan is the investment menu.
The
investment menu determines
where participants save and potentially
how much. Increasingly, those not electing
the qualified default
investment alternative
expect the menu to contain not only
sufficient variety but, within that variety,
options by which to invest to their values.
Cogent Syndicated's " 2023 DC
[Defined Contribution] Participant
Planscape " report on DC participants
shows that Millennial and Generation Z
participants remain interested in environmental,
social and governance investing
and digital assets despite a pullback from
older investors in both areas. According to
the report, 37% of Gen Z participants want
to see ESG options on the menu, and a
further 49% want to invest in digital assets.
Plan participants from every age
range want to see retirement income solutions.
In a recent survey from Western
and Southern Financial Group, a company
that
offers
insurance,
investment
and
retirement solutions through a distribution
system, 83% of respondents said they
believed having a guaranteed source of
monthly retirement income was extremely
important. Still, only 66% agreed traditional
annuities were the way to achieve it.
Faced with this range of demands,
plan sponsors must strike a balance
between crafting a menu that is diverse,
and thus can compete with peer offerings,
and one that aligns with fiduciary requirements.
They also have to wade through
increasingly combative legal and regulatory
concerns as investors and policymakers
react to the needs of the various interests.
34 PLANSPONSOR.COM November - December 2023 Art by Gizem Vural
http://www.PLANSPONSOR.COM
PLANSPONSOR - November - December 2023
Table of Contents for the Digital Edition of PLANSPONSOR - November - December 2023
INSIGHTS
PARTICIPANT ANALYSIS
RULES & REGULATIONS
UPFRONT
A Cost-Conscious Approach
Exploring the Choices
2023 PLANSPONSOR Service Stars
PLANSPONSOR Roadmap
A Thorny Issue
Take Under Advisement
A Repair Guide for Errors
FIDUCIARY FORUM Annual Notice Season
NSIDE ANGLE An Influential Opinion
PLAN PROFILE A Focus on Wellness
PLANSPONSOR - November - December 2023 - Cover1
PLANSPONSOR - November - December 2023 - INSIGHTS
PLANSPONSOR - November - December 2023 - 1
PLANSPONSOR - November - December 2023 - 2
PLANSPONSOR - November - December 2023 - 3
PLANSPONSOR - November - December 2023 - PARTICIPANT ANALYSIS
PLANSPONSOR - November - December 2023 - 5
PLANSPONSOR - November - December 2023 - RULES & REGULATIONS
PLANSPONSOR - November - December 2023 - 7
PLANSPONSOR - November - December 2023 - 8
PLANSPONSOR - November - December 2023 - 9
PLANSPONSOR - November - December 2023 - UPFRONT
PLANSPONSOR - November - December 2023 - 11
PLANSPONSOR - November - December 2023 - 12
PLANSPONSOR - November - December 2023 - 13
PLANSPONSOR - November - December 2023 - 14
PLANSPONSOR - November - December 2023 - 15
PLANSPONSOR - November - December 2023 - A Cost-Conscious Approach
PLANSPONSOR - November - December 2023 - 17
PLANSPONSOR - November - December 2023 - 18
PLANSPONSOR - November - December 2023 - 19
PLANSPONSOR - November - December 2023 - Exploring the Choices
PLANSPONSOR - November - December 2023 - 21
PLANSPONSOR - November - December 2023 - 22
PLANSPONSOR - November - December 2023 - 23
PLANSPONSOR - November - December 2023 - 2023 PLANSPONSOR Service Stars
PLANSPONSOR - November - December 2023 - 25
PLANSPONSOR - November - December 2023 - 26
PLANSPONSOR - November - December 2023 - 27
PLANSPONSOR - November - December 2023 - PLANSPONSOR Roadmap
PLANSPONSOR - November - December 2023 - 29
PLANSPONSOR - November - December 2023 - 30
PLANSPONSOR - November - December 2023 - 31
PLANSPONSOR - November - December 2023 - A Thorny Issue
PLANSPONSOR - November - December 2023 - 33
PLANSPONSOR - November - December 2023 - Take Under Advisement
PLANSPONSOR - November - December 2023 - 35
PLANSPONSOR - November - December 2023 - A Repair Guide for Errors
PLANSPONSOR - November - December 2023 - 37
PLANSPONSOR - November - December 2023 - FIDUCIARY FORUM Annual Notice Season
PLANSPONSOR - November - December 2023 - NSIDE ANGLE An Influential Opinion
PLANSPONSOR - November - December 2023 - PLAN PROFILE A Focus on Wellness
PLANSPONSOR - November - December 2023 - Cover3
PLANSPONSOR - November - December 2023 - Cover4
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