Wednesday, January 25th, 2023 A biweekly topical newsletter from PLANADVISER Plan & Participant Service The opportunity for retirement plan advisers to provide terrific plan service is greater than ever. There are a plethora of new product innovations; more knowledge and data of participant outcomes; and even more government incentives for retirement saving. But the challenges are also numerous, from fee compression to volatile markets to understandably distracted businesses and participants. This Spotlight newsletter showcases PLANADVISER’s coverage of the most recent trends in plan and participant services. SPONSORED AD PRACTICE MANAGEMENT Savers Want Better Financial Management. How Can Advisers Reach Them? New research shows an opening for advisers to offer wealth management solutions to savers. An expert in adviser communications says it’s important to know the business, and people, that you want to be your clients. DATA & RESEARCH Research Shows Workers Favor Guaranteed Income Over Financial Wellness Tools Almost half of respondents agreed annuities can offer safety and stability, though other research shows in-plan defined contribution annuities are not picking up among employers. CLIENT SERVICE Financial Education Gap Remains Even as Provider Offerings Improve Financial illiteracy may be costing the average American $1,819 per year, even as educational guidance and tools are advancing. COMPLIANCE Regulatory and Statutory Changes Coming to Self-Corrections Programs Plans will find more room to correct their own mistakes under SECURE 2.0 and a DOL proposed rule change. DATA & RESEARCH Reconsidering Target-Date Funds After a Rocky 2022 Advisers and plan sponsors should consider both use and education around target-date funds after 2022 declines, according to new research from MFS. PRODUCT Delta Taps Fidelity to Run New Emergency Savings Program Starting in January, Delta will give eligible employees up to $1,000 toward an emergency savings account if they complete a financial education program. Did someone forward you this newsletter? Sign up here to get PLANADVISER Spotlight directly in your mailbox!

Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850