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DC Plan Sales Expected to Be 'Considerably Lower' the Rest of 2020
InsuranceNewsNet.com 
July 14, 2020 "[R]ecordkeepers that focus on larger plans appear to be faring somewhat better than those not focused on mid-sized and small plans.... Survey participants report plan conversions for 23% of new plans or those under contract have been pushed out 3-4 months. However, for sales where a verbal agreement with the plan sponsor is in place, three quarters of surveyed recordkeepers report that on average, 20% have delayed or canceled signing the contract." |
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