Nicholas Pension Consultants
Nova 401(k) Associates
Compensation Strategies Group, Ltd.
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|The Holy Grail of Defined Contribution Plans: Income in Retirement (PDF)|
Apr. 27, 2021
"[T]he number-one step plan sponsors have taken to increase employee understanding of retirement readiness continues to be tools and advice on how to spend down in retirement, with 89% of total respondents saying that was their primary mechanism. The next-highest-ranked response was communicating account balances to participants in terms of projected retirement income, with 66% of overall respondents choosing this option."
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