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Testimony to the ERISA Advisory Council: Cognitive Decline Among Defined Contribution Participants (PDF)
Defined Contribution Institutional Investment Association [DCIIA] Retirement Research Center
Nov. 4, 2020 "Six in ten (58%) of our respondents say they provide some level of service and support directly (as opposed to solely through the record keeper) to separated participants, and therefore potentially maintain contact with them. This would indicate the possibility of recognizing cognitive decline if the participant or Trusted Contact communicates with the plan sponsor for service or support.... Seven in ten (69%) respondents say they have no idea how prevalent cognitive decline is among their active, separated or retired participants." |
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